We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Capital Gains Tax - Selling ETFs
Options
Punter2
Posts: 6 Forumite
If I sell some ETFs and then use all of the funds from the sale to buy other ETFs am I liable for capital gains tax in the monies from the sale?
TIA
TIA
0
Comments
-
Assuming they are not in a tax wrapper, then any gains from the sale would go towards your annual gains amount and depending on the size of that, you may or my not be subject to CGT.
The fact you are buying different assets has no impact on the CGT position.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards