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Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question. The situation for a shareholder is as follows:
On sale any gain made will be exposed to CGT at 18% or 28% or a combination of the two rates depending on your income including the gain in the tax year of disposal. You have a non-cumulative Annual Exempt Amount (AEA), currently 12K to offset any gain.
There is no CGT on death, all assets being aggregated and any over 325K exposed to Inheritance Tax (IHT) at a flat rate of 40%.
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