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Sam
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Do I have to pay Capital Gains tax on the full amount os gain

Resolved Question:

Do I have to pay Capital Gains tax on the full amount os gain if the monies have not been yet received in full?
Submitted: 3 years ago.
Category: Tax
Expert:  Sam replied 3 years ago.
Hi
Thanks for your question, I am Sam and I am one of the UK tax experts here on Just Answer.

Yes, I am afraid so, the gain is treated as having arisen at the date the sale took place, even if the payments you receive are then staggered over a period of time.

Thanks

Sam
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