I need some help here please.

A question for one of the accountant bods on here.

Is it correct that you only pay cgt on profits of over 8k in any single transaction. So if you kept all profits under this then is there some other tax to pay.
Thanks in advance.

steve , the book its a o/a based,thats what i was talking about.

No need to buy any books, the Inland Revenue website is reasonably helpful and easy to read these days: http://www.inlandrevenue.gov.uk.