Capital Gains Tax on Shares

KoiKing

Is Capital Gains Tax payable on shares which I have been forced to sell against my wishes as the company in which I owned the shares has been taken over? 

eskbanker

Yes:

You must pay Capital Gains Tax on any cash you get as part of the takeover

https://www.gov.uk/guidance/capital-gains-tax-share-reorganisation-takeover-or-merger

Slinky

KoiKing said:

Is Capital Gains Tax payable on shares which I have been forced to sell against my wishes as the company in which I owned the shares has been taken over? 

Yes otherwise there'd be few situations where anybody had to pay it, otherwise we'd all claim to have been forced into selling an asset against our will.

eskbanker

Slinky said:

KoiKing said:

Is Capital Gains Tax payable on shares which I have been forced to sell against my wishes as the company in which I owned the shares has been taken over? 

Yes otherwise there'd be few situations where anybody had to pay it, otherwise we'd all claim to have been forced into selling an asset against our will.

By faking company takeovers?

wmb194

KoiKing said:

Is Capital Gains Tax payable on shares which I have been forced to sell against my wishes as the company in which I owned the shares has been taken over? 

Yup. It's the life of a minority shareholder I'm afraid, we're along for the ride. 

Do you have any taxable holdings where you're sitting at a capital loss? You could crystallise the loss(es) to set against this gain.

KoiKing

Thanks for the replies. I guess I really knew what the answer would be but I hoped I was wrong.