KopTalk.com Forums Football Liverpool FC Forum Tommy Smith Sells his medals

and what about the likes of gerrard on 160 grand a week rafa. im not saying they should have to im just saying if i was in any 1 of those players shoes at the club i would have stepped up and done it as a gesture to a former great player.

I wonder if he pays CGT on it ? I wonder how that works as your allowance is only £10k. That leaves £100k subject to 40% tax owch !

Or is it not a capital gain? does anyone know?

only know for the cayman islands

According to Dunk he got 100k out of the 137k he sold so surely there was some sort of tax or sale fees involved.

I reckon Tommy would pay about £25k in CGT

Yes thats right 28% I calculated assuming the tax free allowance of £10k. However I have not applied taper relief.