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bigduckontax, Accountant
Category: Tax
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I'm was looking to sell shares over two tax years 2014/15 to

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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
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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