Murphyslore
you pay the cap gains tax (if you have to pay that is) after you complete your tax return
when you buy and sell shares within 12 months, you pay CGT on all of the profit when you do you tax return - it does not come out of your profit automatically
if you hold for more than 12 monts, you pay CGT on half, the other half is a bonus for holding for so long - again not automatically, you or your accountant have to say so
love, page-20
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