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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4195
Experience:  FCCA FCMA CGMA ACIS
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I'm was looking to sell shares over two tax years 2014/15 to

Customer Question

I'm was looking to sell shares over two tax years 2014/15 to reduce CGT Liability. Although I instructed sale of shares on 24/03/2015 and a contract note was sent on this day the cheque that I received was not dated till 8th April. I which tax year will this be considered
Submitted: 2 years ago.
Category: Tax
Expert:  bigduckontax replied 2 years ago.
Hello, I'm Keith and happy to help you with your question.
The day you received the cash is an irrelevance. It is the contract date which determines the tax year in which the gain is made for the UK CGT regime.
I do hope I have helped set your mind at rest.
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Expert:  bigduckontax replied 2 years ago.
Thank you for your support.