CGT on shares
Esme
Registered Posts: 711 Epic contributor 🐘
Could someone give me a little bit of advise please.
Firstly, what percent is capital gains tax?
If someone was to die and the majority of their money is tied up in shares, how many could be sold in a year before having to pay capital gains tax?
If anyone could provide me with any relevant info on this it would be greatly appreciated as I know nothing about it.
Thank you!
Firstly, what percent is capital gains tax?
If someone was to die and the majority of their money is tied up in shares, how many could be sold in a year before having to pay capital gains tax?
If anyone could provide me with any relevant info on this it would be greatly appreciated as I know nothing about it.
Thank you!
0
Comments
-
This can be quite complicated as you are probably dealing with inheritance tax rather than capital gains tax.
Is this theoretical? If not you probably need to speak to an accountant who deals with inheritance tax regularly.0 -
Yeah, it is a relative of mine. The shares would be sold to be given to family members as an inheritance. I'll see if I can find any accountants who deal with that specifically.
Thank you.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 320 NEW! Qualifications 2022
- 158 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership