Younginvestor93
Registered User
- Messages
- 130
For a couple it can be double this which is nice.
Curious what is the easiest way to do this, if anyone does this?
Some ideas I have currently have.
1) It may naturally occur if you are somewhat active in buying and trading stocks.
2) If you work in a company and they give you shares,it is easy just sell shares each year but not more than the allowance to avoid tax.
3) If you invest in some long term investments like an Investment Trust or a solid long term stock. You can sell just enough of the stock each year so it is tax free. You can't bed and breakfast so either wait the month of invest the money back in to a second similar stock or trust all the while reducing your eventual tax bill.
Is it worthwhile doing? Who does it and how do you do it?
Curious what is the easiest way to do this, if anyone does this?
Some ideas I have currently have.
1) It may naturally occur if you are somewhat active in buying and trading stocks.
2) If you work in a company and they give you shares,it is easy just sell shares each year but not more than the allowance to avoid tax.
3) If you invest in some long term investments like an Investment Trust or a solid long term stock. You can sell just enough of the stock each year so it is tax free. You can't bed and breakfast so either wait the month of invest the money back in to a second similar stock or trust all the while reducing your eventual tax bill.
Is it worthwhile doing? Who does it and how do you do it?