RE: Barryroe New drilling next year9 Oct 2018 13:07
Hi Manyana, there is the £11,700 Capital Gains Tax allowance per year, for each individual, before Capital Gains Tax is charged,....giving my wife & myself a £23,400 Capital Gains Tax window, on our joint trading A/C,....in our case, it is looking like that will soon be used up, by just our LOGP, PVR,& PRD shareholdings (all currently in good profit, if sold at current s/p levels), held in our joint trading A/C,...hence my reference, of need to ISA, as soon as possible.
I am mindful, that when I Bed & ISA, the Capital Gains for the Tax Year, should not exceed a £23,400 Capital Gain on our joint trading A/C.
BW