24 May 2018 12:18
Forgive me but can i ask a very simple example question regarding Captial gains tax.
Over the last 10 years i have made purchases on around 20 different shares and my portofolio which has cost 20000. The shares have gone up and down but they are now valued still at around 20000.
i want to move all my 20 shares into an isa using bed and isa facility.
as an simple example the shares havnt gone up or down so i have not made any money on them.
If i was to do a bed and isa on all 20 shares today. would i have to pay capital gains as the annual allowance is cira 11000. which is considerably less than the 20000 that i am moving into my isa.
I realise this is a very simple example but i paid 20000 for them in the first place and not made any profit.
thanks