RE: STRONG FINISH17 Jul 2024 13:37
"profits accruing from an investment above the annual CGT allowance – which in the 2019-20 tax year is £ £12,000– would be taxed at the standard rate of 10%, with the higher rate being 20%".
So, help me out here...
Anything less than 12k withdrawn is not subject to tax?
10% tax applied at the standard rate... at what level is this capped?
What is the kicker for 20% CGT?