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TaxRobin
TaxRobin, Tax Consultant
Category: Tax
Satisfied Customers: 15888
Experience:  International tax
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I have sold shares worth £204800 how can I save on the

Customer Question

Hi I have sold shares worth £204800 how can I save on the amount of tax I will have to pay
Submitted: 1 year ago.
Category: Tax
Expert:  TaxRobin replied 1 year ago.

Hello

Your gain is usually the difference between what you paid for your shares and what you sold them for. If you owned them before April 1982 you use the fair market value on 31 March 1982 as your cost.

YOur best way to save on the tax is to make certain you calculate the correct gain.