Account for Capital Gains Tax On Investments

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Helps you understand interest

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Account for Capital Gains Tax On Investments #7

Open s3nt1n3lz21 opened 5 years ago

s3nt1n3lz21 commented 5 years ago

You get a capital gains tax free allowance of £11,700 on interest from investments in shares. Beyond this you have to pay tax, account for this in the calculation of pensions/investments.

s3nt1n3lz21 commented 5 years ago

Instead of the capital gains allowance, we can assume that the user takes out an ISA each year with tax-free gains on the first £20,000 for that year.