It’s that time of year again! Time to start thinking about tax!
Does anyone know precisely when CG are realised/precisely when one becomes liable for CGT?
Is it, the moment when;
The shares are sold and the profit is there to be reinvested?
The profit gained is actually settled?
The profit gained is withdrawn from the FT pot to a bank account?
Essentially, I’m thinking of selling £12k of shares (profit) on 5th April and transfer this across to my ISA when this settles in the following financial year.
However, I’m not sure if I need to have pulled the money out of my account by 5th April (so I’d have to sell shares near end of March to give time for settlement) to then reinvest in my ISA from 6th April.
Hope this makes sense! And help greatly appreciated!