• Can you help me with Capital Gains Tax (CGT)?
• How much tax will I have to pay on my shares?
• Will my beneficiaries be liable for inheritance tax on my shares on my death?

Can you help me with Capital Gains Tax (CGT)?

We cannot give tax advice but we do have a fact sheet explaining CGT and possible strategies to reduce your CGT liability, further to that we may be able to help with some basic questions. Give the Investment Support Department a call on 0113 200 6560 or your usual Redmayne-Bentley contact.

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How much tax will I have to pay on my shares?

Stamp Duty is payable at 0.5% on all purchases of UK Equities and Preference Shares (Irish Stocks 1%) (please note this is rounded up to the next £5 for some stocks). Foreign stocks may also be subject to similar taxes.

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Will my beneficiaries be liable for inheritance tax on my shares on my death?

For individuals domiciled in the UK inheritance tax is payable on your worldwide assets, which includes amongst other things your own home, any holiday homes, art, antiques, cash and investments in stocks, shares, bonds and funds etc. If the total value of all your assets is below the nil-rate band of £312,000 (2008/09) then there is no tax to pay. However, any value above the nil rate band is taxed at 40%. Under certain circumstances, selected shares on the Alternative Investment Market (AIM) may attract 100% tax relief. For further details please refer to the Tax Efficient Investments section of the website.

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