Capital Gains Tax

mattdragon2

I understand the capital tax free allowance is £12,300.

If I put £25,000 into Tesla shares and they are now worth £37,500.

If I just take the profit of £12,300 and put it into my bank, can I use that for my capital gains tax allowance, or do I need to take out the full amount £37,500 in order to benefit from the tax free allowance?

Thanks.

Jeremy535897

You have to sell all the shares if you want to realise a capital gain of £12,500 (less dealing costs).

[Deleted User]

And selling 12500 ‘worth’ of shares would only realise a gain of £4100 less dealing costs.

[Deleted User]

Hi,

suppose you buy at £5 a share, so £25K buys 5000 shares,

value rises to £37,500, so £7.50 a share.

To realise a profit of £12300 you would need to sell 4920 shares, remaining shares would continue to grow, hopefully.

Remember to deduct dealing costs.

Think you may be a bit late though,

Read THIS.