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    monkfish
    Avoiding CGT by putting shares in isa
    • #1
    • 11th Apr 07, 10:46 AM
    Avoiding CGT by putting shares in isa 11th Apr 07 at 10:46 AM
    hi i wonder if anyone can help me.

    I am in a sharesave scheme whereby money is deducted from my salary every month and after 3 yrs the total saved is given a bonus interest of around 5% and then this money is used to buy shares in my employer at a discounted rate. Basically after 3 yrs i will have put in 9000 and the shares i get would be worth today around 27K.

    Now does this mean that if i sold them instantly i would be liable for 27k - cost (9k) - cgt allowance (9K i think) so 9k in capital gains tax.

    Basically i've heard that i can avoid this by putting the shares into an isa can anyone elaborate

    thanks in advance
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