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Capital Gains Tax
sllmp01
Posts: 2 Newbie
I have been in an employee save share scheme that has recently matured. I have cashed in my annual CGT limit and then transferred the maximum amount into a S&S ISA. My question is, can I cash in some of the shares in my S&S ISA without having to pay Capital Gains Tax?
Many thanks
Many thanks
0
Comments
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Anything inside a S&S ISA is exempt from CGT. If it is a lot of money you may not want to remove from the S&S ISA as you'll then lose the ability to invest it without using the £15k annual allowance.Remember the saying: if it looks too good to be true it almost certainly is.0
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Thank you jimjames
It's good to know just in case I need to remove any money from the S&S ISA. It just doesn't feel right being able to get at it that easy either.0
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