I am planning to trade a small amount of shares (value around £800)which were windfall shares from a floatation. I assume its capital gains tax the first time I sell them, but im planning to do it several times several times, ie when they hit a certain level -sell, and when they are back down again rebuy, hopefully quite a few times, only making a small profit each time I sell.
Would I then have to pay income tax or capital gains tax on any profit?
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