Hi im 18 and i have never paid any sort of tax.
I was wondering how much capital gains tax i would have to pay.
Its an Invest account as the stocks are not available in the ISA
I invested £6,895
The value of shares i am selling is worth: £ 27,953
My current income is something like £5000 (part time).
I was wondering how much CGT i would have to pay
Also if i do not withdraw the £27,953 from my T212 account after selling but quickly invest it into another stock, could i hypothetically avoid paying tax - as the government wouldn’t know about my gain (hypothetically ofcourse).
Please help- Thank you for reading - sorry if this is a noob question