Shares and CGT

jennifernil

I have almost 1000 HBOS shares, 100 from when they stopped being Halifax Building Society and the rest inherited from my mother 5 years ago.

Thinking of maybe selling them to put towards some work on our house and wondering how this works out with CGT as I never actually paid anything for them?

ReportInvestor

On the 100 from the demutualisation, your capital gain will be the entire value at sale minus dealing costs.

For the rest, it will be the difference between the value when you inherited them and the value at sale minus dealing costs.

This should mean that you can avoid CGT as the total won't be higher than your annual CGT allowance of around £8,500.