Shares, how many to sell.

[SC00BY]

If I have invested 9000 pounds at 250 pounds a month in a 'share save scheme' that is due to mature this year. How many shares can I sell before I start owing the tax man money. Is it just the capital gains limit.(8500) or can I sell the value of my investment plus capital gains limit (17500)

thanks

[dzug]

You start owing the taxman money when your GAIN - that is the difference between how much you bought them for and the price you sell them for - is more than �8500.

So yes �17500 in your case.

[SC00BY]

Thanks for the quick response. Does that apply even though my last payment was effectively last month? Thanks again

[SC00BY]

And...we are buying them at a rate set 3 yeays ago 105p now worth 300p

Cheers

[buildersmate]

Your capital gain IS the �17500. On each share sold you would make �1.95 of capital gain. To avoid CGT this year, you could decide to sell 8500/1.95 shares now, which would use up your whole allowance this year. This is 4358 shares. Remember that the 300p current price could go up or down during this year.