header curve
header curve

Selling shares?

Selling shares?
23 Oct 2019
Share

Selling shares?

As a general rule, if you sell shares for more than you paid for them, any profit you make will be chargeable to Capital Gains Tax (CGT).

Shares and investments you may need to pay tax on include:

• shares that are not in an ISA or PEP
• units in a unit trust
• certain bonds (not including Premium Bonds and Qualifying Corporate Bonds).

CGT will not usually be payable if you give shares as a gift to your husband, wife, civil partner or a charity.

You also do not pay Capital Gains Tax when you dispose of:

• shares you’ve put into an ISA or PEP
• shares in employer Share Incentive Plans (SIPs)
• UK government gilts (including Premium Bonds)
• Qualifying Corporate Bonds • employee shareholder shares - depending on when you got them The amount of CGT payable will depend on your other earnings in the tax year. You may also be able to claim other reliefs if you are selling shares in a business that you control.

Finally, we are all entitled to make tax-free capital gains each tax year. For 2019-20, the CGT annual exemption is £12,000.

.
.

Download our free Ebook

By providing your email address, MCA will send you the ebook as requested.

* indicates required

View our Privacy Notice here.

You can also unsubscribe at any time by clicking here.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

.

Sign up to our newsletter!

Please enter your details below.
 
.

Join our COVID-19 Business Update Webinar

By providing your email address, MCA will sign you up to the webinar and send you reminder emails.

* indicates required

View our Privacy Notice here.

You can also unsubscribe at any time by clicking here.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.