scottinvestor
- 25 Jun 2007 11:17
hi guys
can anyone tell me how capital gains tax is worked out with regard to RTD?
I have held shares for 3 whole years and made around 12K gain over 8800 CGT. I know RTD was in small caps index and techmark 100 index.
What tax do i need to pay?..........hows it worked out.
Oh, i am not a top rate taxpayer, just normal tax payer in the year.
any calcs to help will be appreciated
Frampton
- 03 Jul 2007 09:08
- 5 of 7
I think you have that wrong. You should take the 8800 from the 21,250 first, leaving you 12,450 which is subject to capital gains tax. You then apply the taper relief to any tax owed. You certainly should be paying some tax on this gain unless you have any losses to claim.
scottinvestor
- 05 Jul 2007 11:48
- 6 of 7
i looked up www.cgtcalculator.com and looked at examples of calcs........and one of them calculated it as 25% of initial gain 1st before looking at allowances.
They had several gains to give a complicated example.
Frampton
- 05 Jul 2007 14:49
- 7 of 7
Ok, apologies if I'm wrong, thats the way I understood it, but I don't claim to be an expert.