Shares and CGT planning..?

Pssst

I know you have a personal CGT allowance of around £8.5k per year and that one way of sheltering shares from CGT is via an equity ISA.

How much can you put in an equity ISA?

Are there any charges to transfer shares into an equity isa if they are held in paper form or via an online broker? In effect,do you have to sell them then buy them back within the ISA wrapper?

Are there any other ways of reducing/avoiding CGT on shares?

Is there a website with historical share prices..i.e to find original approx purachse price?

ta

Lokolo

£10,100 from next April I recall is the new CGT allowance.

ISA you can put £7200 minus any money in Cash ISA allowance (which is upto £3600).

Charges, depends on stockbroker.

ricll

you can open a joint account with your partner so that you'd have a higher limit before paying CGT on your realized profits, considering your partner doesn't invest in shares herself that is. Or you could transfer to her some of your shares to use up her allowance.

Biggles

The amount exempt from CGT for the current year is £10,100.

No, you can't transfer shares into an ISA, you will need to sell them first (thus potentially taking a CGT hit) and buy within the ISA. The key with equity ISAs is advance planning, ie getting your money in there in anticipation of buying profitable shares.

yelf

be careful though: if you sell shares you have to wait 30 days before repurchasing them, otherwise HMRC do not consider the transaction to have taken place. Known as Bed & Breakfasting.

cheerfulcat

yelf wrote: »

be careful though: if you sell shares you have to wait 30 days before repurchasing them, otherwise HMRC do not consider the transaction to have taken place. Known as Bed & Breakfasting.

You can bed-and-ISA though, or bed-and-spouse; there, the 30 day rule doesn't apply.