Vanguard fund, how to sell without triggering capital gains tax?

dllive

Hi,

In my Vanguard GIA account Ive been investing in the FTSE Developed World ex-U.K. Equity Index Fund - Income.

Im thinking of 'cashing-in' on the recent gains, which in total are slightly more than the £3k capital allowance limit.

How can I sell the right amount to keep myself below the capital gains limit? Also, do I need to report on my self assessment that Ive sold the shares, or do I only need to report on it if Ive sold over the £3k limit?

The exact figures as of today shown on my Vanguard dashboard show:
Total cost: £8,028.19
Current value: £11,527.90
Change: £3,499.71

Thanks

El_Torro

Why not sell most of the investment this tax year and the rest after the new tax year starts? That way you spread the gain across two tax years and not pay any Capital Gains Tax.

masonic

You can safely sell 3000/3499.71 of your holding, so say 75% to allow a margin of safety, while remaining comfortably below the limit. If your total gains are below the limit you do not need to report them.

dllive

Thanks so much guys. Considering it almost march, I like the idea of spreading the gains across tax years! :)

Just to confirm, I dont need to report on my Self Assessment that Ive sold my shares if theyre under the CGT £k limit?

dllive

Ugh, ignore that, I just read the last line of you post @masonic