Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    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
Page 1
Welcome to our new Forum!

Our aim's to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

135Posts Today

971Users online

Martin's Twitter
  • RT @JulianClary: CILLA BLACK ANYONE WHO HAD A HEART https://t.co/E25wIuhoHH via @YouTube

  • Surprised at a few nasty replies re cilla. The respectful thing when someone dies is say nice or say nowt. Grieving relatives may be reading

  • You can judge your age by what #cilla means to you. For me its not the singing, its blind date and surprise surprise. Sad news #ripcilla

  • Follow Martin