What to do with existing shares?

DAVI2531

Hi
I have had some shares (all for the same company) for approximately 8 years. During that time, the investment has increased to a very significant amount and i am now over and above the CGT threshold. Thankfully at the moment I don't need to cash them in and as the shares are just sitting there, (with the exception of annual dividend payments) am wondering if there is anything I can do with the bought of avoiding CGT.

I do want to keep the shares with this company as they are still performing well.

It should be noted that these shares were purchased through a normal share dealer and not part of a share isa etc.

Any ideas and thought greatly appreciated.

DAVI2531

Apologies, last sentence of first paragraph should read "with the thought of avoiding CGT", not bought.
Dam you spell check!

dtaylor84

You could, over several tax years, "Bed and ISA" your shares - sell them and re-buy them in an ISA in chunks, without exceeding the CGT allowance or the ISA allowance.

How long this would take depends on just how significant the amount is, and how significant the capital gain is.

DAVI2531

Thanks for that, sounds so obvious really, why I didn't think of it I don't know!! Thanks again.

bigfreddiel

just out of interest what are the shares?

atush

And CGT is based onthe Gain, not the value. So if you bought shares for 9K and sold when they were worth 19K, you would still be under the CGT allowance for one year.

Then, are you married? If you are, you can transfer owenrship of some and they can be sold using your spouse's CGT allowance.


then there are share in yru company- if the scheme is set up a certain way they can be ISA's w/o bed and ISA.

JoeCrystal

To be honest, is this your only shareholding or it is just small part of the total investments. Not putting all your eggs in your basket I meant.

Cheers

Joe