RE: CGT13 May 2021 16:31
Hallow18...your CGT points are correct. However if your total profits in your trading account is less than £11,200 for the present tax year and you keepvit that way then no CGT is payable. One way is to bed n Isa before your share profit reaches thevtax limit or sell only enough to avoid tax.
ie i never trade in my trading account and so far this year i still have an allowance of £16,000 for my ISA.....it therefore follows that, for me i should bed n ISA all my CIZ new shares as soon as possible. Either way you do it, get them transferred as quick as possible, you will lose only a few shares but be tax free is you already are under the tax threshold.
nb, i absolutely refuse to pay CGT and my ISA has stood me in good stead since 2011.
Imo tranfer quickly just in case the shares rocket and puts you in tax liability. Or sell only enough to keep below the threshhold and simply wait till next year to sell or ISA the rest. With really big holders wanting to avoid CGT...simply sell a few each year ( or ISA ) until you have got them all out of your trading account. Sit on them.
It puzzles me why anyone is still using CGT tax liable trading accounts...stoooopid. imo