My ISA allowance for this year is filled, so that option is a no go, and I have sufficient funds in my SIPP
I like to invest, I have quite a large sum in cash that id like to invest, and this will break the CGT limit. I would like to trade shares, which means buying a share, and then selling within a month, realising a 10-30 percent gain, this alone should put me over the CGT limit
I'm quite new to this, but I do realise once sold, CGT is payable. However, my main question is.. is there a system for this? Lets say i buy £50k worth of shares in a company, it goes up 30 percent, it is then worth £65k.. I will then have to put a certain amount aside for taxman
But then lets say I want to invest again, and it again incurs a profit and liability, this will all start getting very complicated, with different tax amounts for each shares
It is a difficult situation for me to ask, but its mainly, how much do I need to put aside for taxman with differing amounts?
Is it worth opening up a separate ltd company just for this?
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