Hello and welcome to the site. Thank you for your question.Any gain made by you is chargeable to CGT at 18%, 28% or a combination of both, depending on your taxable income including the gain in the year of sale.Example ..Taxable income after personal allowance (42,385-10,600) = £31,785Gain on sale of shares after gains allowance of £11,100 = £10,000As your income is already at the maximum level of threshold at basic rate, your gain will be taxed at 28%.if on the otherhand, your taxable income after personal allowance is £21,785, then the gain will be taxed at 18% because income plus gain is up to £31,785.
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Can I ask advice based on figures.
I want £70k net for my shares in my former company.
From rental income I get £18k a year.
To be most tax efficient can you let me know what they would need to pay in a) 1 year, b) 2 years, and c) 3 years, for me to get my net figure.
Thanks so much,
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