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Posted Sun, 08 Oct 2023 09:25:00 GMT by
Hi, I have just had a 3 year private bond investment mature which I understand to be taxable for CGT. However I opted to have the principle amount plus the rolled up interest owed to me rolled into a new 5 year redeemable share investment. Therefore the return due to me on the original investment wasn't actually received. Can I please check whether I still need to recognise the gain for CGT this year or whether the gain can be deferred due to the fact that the gain was rolled over into a new fixed term investment? (Neither investment is SEIS, EIS or VCT related). Thanks
Posted Mon, 16 Oct 2023 08:54:03 GMT by HMRC Admin 32 Response
Hi,

You still need to recognise this as a gain irrespective of where the funds then end up.

Thank you.
Posted Mon, 16 Oct 2023 08:59:30 GMT by
Hi, Thanks for confirming. Many thanks

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