The investors selling their Norwich Union shares to raise money for Christmas will be interested to hear that the Chief Inspector of Taxes has initiated discussions with the insurer's agents over the treatment of the sale of these shares for capital gains tax. No tax is due on these shares yet and many people who got free shares will not have to pay any capital gains tax on selling their shares if the amount falls below the allowance of £1,000 for an individual and £2,000 for a married couple.
Chief tax inspector in Norwich Union share talks
The investors selling their Norwich Union shares to raise money for Christmas will be interested to hear that the Chief Inspector…
IN THIS SECTION
Na Fianna ride out the storm to reach a second Leinster final
Request to reopen emergency flooding scheme ‘as a matter of urgency’ in wake of Storm Bert
Cop29 deal which includes new ‘climate finance goal’ criticised as ‘utterly inadequate’
Manchester United pegged back by Ipswich after fast start in Rúben Amorim’s first game
Fact To File clear Gold Cup favourite after exciting Durkan finish signals changing of the guard
Business Today
Get the latest business news and commentary from our expert business team in your inbox every weekday morning