How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask TonyTax Your Own Question
TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15944
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
13905389
Type Your Tax Question Here...
TonyTax is online now

I am thinking of selling some shares in a Limited company this

Resolved Question:

I am thinking of selling some shares in a Limited company this month. I am looking to sell the other shares at the end of April 2014. When will the capital gains tax be due on these 2 transactions?
Submitted: 3 years ago.
Category: Tax
Expert:  TonyTax replied 3 years ago.
Hi.

If you make gains in the 2013/14 tax year (6 April 2013 to 5 April 2014) in excess of the £10,900 CGT allowance, your CGT liability will be payable on 31 January 2015.

If you make gains in the 2014/15 tax year (6 April 2014 to 5 April 2015) in excess of the £11,000 CGT allowance, your CGT liability will be payable on 31 January 2016.

I hope this helps but let me know if you have any further questions.
TonyTax and other Tax Specialists are ready to help you