Share sales

bellabella

My husband pays into a matched 141 share save scheme and now has enough to sell tax free to pay our mortgage off but someone has mentioned that we may not be able to take it all in one hit due to capital gains tax does anyone know the rules ? Is there an upper limit per tax year that you can sell?
Thanks in advance

Keep_pedalling

If he makes a gain of over £11,700 then yes capital gains tax will apply, selling in batches in separate financial years means you can crystallise those gains without paying tax.

As interest rates are so low, then you do not have to be a a great hurry to pay off the mortgage, so why not pay down in lumps rather than immediately? The only down side is that the share price might fall significantly in the coming years but then again they may go the other way.