Re: Question on Capital Gains Tax and SAYE shares

Peter Saxton <peter@xxxxxxxxxxxxxxxxx> wrote:

On 7 Jul 2006 16:23:31 -0700, igor.gram@xxxxxxxxx wrote:

[(SAYE)..Maxi ISA.]

If I consulted an Independent Financial Adviser, or a Tax Consultant,
is their advice binding in any way? For instance, they tell me I can
keep my CGT allowance and the ISA allowance, and then come April, the
IRS says not so. Can you reference back to the advice of the Tax
Consultant or IFA?

Binding on who? Don't expect HMRC to not ask you to pay tax if someone
advised you erroneously that there's no tax to pay. The world doesn't
work like that. You would have recourse to the adviser if you paid for
their advice.

Conversely, I'd suggest that the OP spends half an hour on the phone to
HMRC to clarify things rather than pay an IFA - IME, after the first
level phone-droid, HMRC are actually rather good if you do your
homework and are clear about exactly what you are asking them.

www.selftrade.co.uk and www.idealing.com do cheap self-select ISAs

rgds, 'just a punter' Alan
--
99 Ducati 748BP, 95 Ducati 600SS, 81 Guzzi Monza, 74 MV Agusta 350
"Ride to Work, Work to Ride" SI# 7.067 DoD#1930 PGP Key 0xBDED56C5
.

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