ACCOUNTANT'S GUIDE: Taxes on stocks for beginners

If you don't invest in shares in a tax efficient way, then you could be subject to any income and gains you earn through your share investments. In this video, I talk through which taxes apply, when HMRC will tax you and how to minimise your tax bill.

TIMESTAMPS:
00:00 - Intro
00:30 - What are stocks and shares
01:42 - Stamp duty
03:30 - Dividend tax
05:13 - Capital gains tax
06:40 - Tax wrappers
07:52 - Gift to spouse
08:05 - Business asset disposal relief

MY FILMING GEAR:

DISCLAIMER:
This content, and the ideas presented in it, are for education and entertainment purposes only. Kiran does not provide tax or investment advice. The information presented does not consider the financial circumstances of any investor, and therefore may not be suitable for all investors.
Although Kiran is an Accountant, no Accountant-Client relationship is established with the viewer in any way.

As an Amazon Associate I earn from qualifying purchases. The product links in the description are affiliate links. This means if you choose to buy something through one of these links, I may receive a commission on the sale, but it makes no difference to you as a buyer.

[camelaMar]

Taxes on stocks can be quite tricky, especially for beginners. It's important to understand how they work to avoid any surprises come tax season.

[seanjohnbig]

its best to buy stocks by opening a stock isa account to mitigate any taxes

[donaldlyons]

Wait why not make sure people use software so all that is taken care for them?

[cdclashes]

Do you have to pay tax on dividends that are re invested back into the same account?

[LoveBugzz]

Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.3Bitcoin to a decent 27Bitcoin....At the heart of this evolution is Linda Wilburn, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.

[mbnesbitt]

Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.❤❤

[dreamzzz]

The ordinary hard working person invest in shares and crypto to secure their future and not to rely on state benefits and pensions. It makes no sense to increase tax on profits of individuals when they are merely trying to be self sufficient and not to be a drain on the government.

[Alvin_pson]

Thanks for the continuous update! Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. I am super excited about how my crypto investment is going so far, making over $35, 700k weekly is an amazing gain..☺

[MondayTuesday]

is money earned from S&P500 taxed as 'interest' or 'capital gains'?

[harrysahota]

The sudden tax reductions on dividend allowances has really crippled stock investing. It used to be 5k a year on dividends. The reduction in allowances just stops people investing into the markets as they are busy transferring current holdings into isa's and sipp's. I had allot of my holdings in wrappers already but can see this really taxing, hardworking people / families with modest savings built up over the years.

[kananrangasamy]

Hi please can you talk about the tax on employee share scheme ( which we pay every month and get a discount shares)

[davideyres]

How sure are you that you don’t pay stamp duty on shore purchases under 1000? I e had a tax deduction from trading 212 for a sub £300 purchase. Is the £1000 cumulative? Or per transaction.

Also I understand there are realised losses you can include which can modify the tax burden on capital gains.

[davehHH]

Sorry this may seem a daft question but the 60000 limit on pensions in a tax year... I am assuming this included the employer contributions. So if I had a workplace pension where I contribute 4 percent and they also do 4 percent, it's the total contribution regardless of where it's come from me or my employer? Reason I ask is I also have a SIPP that I am contributing to so I must include all 3 of these things is that correct?

[SteveRegina-kuyh]

Your explanations are clear and straight forward. It's always a honor to have you as a mentor. I learn a lot of watching your videos. Can you recommend a reputable trading coach who can guide me through the process effectively?

[EggchaserNZ]

The absolute danger of promoting your last chapter - is that the govt will change their minds and start taxing isas

[MrVipninja]

So what happens if I gift my shares to my spouse and they sell the shares. Would they have to pay capital gains tax?

[dazkhan]

You have answered many of my questions- in future buy to let content please 🙏

[dazkhan]

If I buy US stocks, is CGT applicable?

[japanluv]

Hi. Can you do a video on taxes when it comes to Forex/ Futures trading as a resident in the UK and best way to go around it legally, please? Thanks.

[Skillionaire]

It all sounds great until you remember you have no money to invest lol, maybe some day in the future... anyway thanks for the vid.