A while back Samos was asking about the tax breaks on Aim shares and I was not quite right when I said I thought it was 10% after holding 2 years. I have checked back page of Red Hot Penny Shares and find as follows;

Hold shares for 2 years to get 25% tax relief--1 year for 50% tax relief.
Each additional year seems to add extra tax relief, so to quote the example if you hold a share for four years and make a gain of 20.000 you get taper relief at 75% = 15.000 and tax is due on 5.000. Tax at 40% = 2000 and this makes the tax charge 2000 on a 20000 gain = 10%

My 10% gets there eventually but you need a finance wizard to work it out for you! hope this helps Samos.

moneyplus
thanks very much for the info- its very interesting. have not yet received a reply for shares mag. sure your info will suffice. think it would be a very good idea to have a thread on here just for tips like this from all you 'knowlegeable share persons'.thanks again