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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 16858
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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An individual is transferring his personally owned

Customer Question

An individual is transferring his personally owned investment portfolio (comprised of apple shares valued at 2 million) into a limited company. The limited company is owned by him and other members of his family and the individual is the sole director. Is there CGT relief available?
Submitted: 15 days ago.
Category: Tax
Expert:  Sam replied 15 days ago.
Hi

No there is not, other than the lower rates of capital gains due on shares which is 10% and 20% after the first 3

£12300 is exempt

Thanks

Sam

Expert:  Sam replied 15 days ago.

Apologies let me rewrite that

which is 10% and 20% after the first £12300 is exempt

Thanks

Sam