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You arent correct in thinking what your're thinking. Firstly the share must be AIM listed, not main market. (There might be some other categories of investment but AIM is the normal example). Secondly you must have held the share for at least 2 years to get 10% tax rate. (after 1 year 20% rate - assuming you are 40% tax payer) If you sell a normal share you pay full capital gains. doesnt matter what you do with the money. I'd welcome corrections to this but I'm pretty sure the above is correct. CM.
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