Redemptions from a fund & CGT

I have had several redemptions from a private investment fund - which has increased in value - over a period of years. Starting from the first withdrawal, how do I calculate a schedule showing the gains each year, and my next withdrawals so the capital gains tax liability is just enough to keep within my annual allowance each year? For example: invested £350k, grows to £500k, year 1 first withdraw 75k, year 2 withdraw £75k, year 3 withdraw £50k, year 4 withdraw £25k. Fund value for example at year 1 withdrawal is £500k, yr 2 £430k, yr 3 £360k, yr 4 £330k, yr 4 £310k. Can you please set out the formula and an example calculation as I am struggling with this, even after my accountant tried to explained it. Regards, Tom

Hi,

We can only provide general information and guidance in this forum. For an answer to a detailed question of this nature, you would need to seek the guidance of an accountant or other financial professional.

Thank you.

Thanks, but this was just an example, I'm just looking for a formula, just the principles behind such a calculation - there must surely be official HMRC guidance on this. It's just I don't seem to be able to find any in the tax manual matching my case - multiple withdrawals over a period of years. If you could just point me in the right direction, that would suffice. Regards, Tom

Hi Tom Entwistle,
Please refer to:
Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
And associated links.
Thank you.