Member Info for Yellowstuff

Thank you for your full and helpful respose.
My ISA accoiunt is fully loaded for this year.
I have no SIPP - because of age,
I can claim my tax free allowance under the 30 day rule (I have already sold and waited 30 days before rebuying)
I am happy to pay my trading account tax at 20% which will be considerable.
I hope by paying my taxes on all gains this year at 20% I can start fresh next year when the tax rate may well become higher.
I am sure others are in the same position and hope that they will benefit from reading the information you have given.
I am very grateful for your help,
Yellowstuff

Hello SW6,
Thank you for the link.
I am sure the information is all there but am finding it hard to unravel!
There must be others who have made gains this year and if the tax is say 8% higher next year it would be good to know how this could be avoided.
In the USA people are dicussing the same potential problem.
Thanks again,
Yellowstuff

Hi,
You are very right - but some will have an ISA and shares in a taxable account.
Yellowstuff

UK taxes may be higher in 2021 due to the recent the government spending.
Given some here have gains, large and small, liable to Capital Gains Tax at the moment would it prudent to sell some shares in this tax year and buy them back at the same price or even a small loss? (so this is neither a ramp nor deramp!)
The gains would then be made this year - at what may prove to be a lower rate.
Thoughts please,
Yellowstuff

Thanks Stuart,
Reminds me of when I bought early too.
I had to make the deal by telephone.
The dealer asked me if the amount of shares was correct and said he had never sold so many shares in one individual company before!
Still got them - but it feels odd as I would never buy a Lotto ticket or bet on a horse. All the best,
Yellowstuff

Thank you Daveri that was a helpful and very well written post.
Yellowstuff

Have a good day

And the winner is.....

Paddy!

It was so wonderful to see 20p a month ago. I remember it well.
It is so lovely to see 20p today.

Bye for now Mr and Mrs Mush.
T'was good to meet up and I am sure we will meet again.
Have a safe journey and keep on posting.
Yellowstuff

There has always been a lot of gold in Australia.
Trouble is its all mixed up with sand and gravel!

Very tough to sell isn't it?
If you win the Lotto yiou get a cheque in the post.
Here you have to make decisions...
Bon chance

Quite right.
And thanks to the management and the guys working away at the drills in high temperatures.
They desrerve a huge bonus.

Well done - its a nice feeling!
Hard believe its happened - and hard to press the sell button!

You could consider buying some gold.
Leaves you free then to make risky investments.

'..I never really believed it possible either because such Cos didn't really exist...'
Hard to believe indeed... but seems to be shown on my screen!

You are very right.
I have now missed yet another sell target.
I really need someone to press the sell button for me.
Was always told to leave some profit for the next guy....
Bon chance

Big grin - I bet!
and getting bigger...

Sorry - Saturday noon by JR!
Bit confused as i got paid today... and thought it was Friday!

Hello Mush,
Am sure you are having a good day!
Will be by JR at noon tomorrow - with a straw hat.