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 Your Own Question, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 5112
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
Type Your Tax Question Here... is online now

Is there any extra capital gains tax relief for shares held

This answer was rated:

Is there any extra capital gains tax relief for shares held long term since2003 ?

Hello and welcome to the site. Thank you for your question.

I am sorry to say there is no extra CGT relief for investments held for longer period.
Capital gain is based on the difference between cost price and net sale proceeds irrespective of timescale. Indexation allowance came to an end in 1993.


CGT simplification came into being for all disposals on or after 6 Apr 2008.

More information on indexation allowance can be found here

I hope this is helpful and answers your question.

If you have any other questions, please ask me before you rate my service – I’ll be happy to respond. and other Tax Specialists are ready to help you
I thank you for accepting my answer.

Best wishes.