CGT on shares

I have two questions please. Earlier this year the shares I've held in a company for many years were compulsorily sold as a result of that company being taken over. I didn't want to sell the shares but is the significant gain I have made still subject to CGT? I've inherited shares from my mother as a result of her bequeathing them to me in her Will. We expect to receive the Grant of Probate in the next few weeks and once that is received can I sell them immediately using her date of death as the base cost of the shares? Thank you.

I have no income for the tax year 24/25 so my personal allowance is £12750, If I was to sell some shares that have zero CGT to pay will the sale of the shares go towards my personal allowance? Example: I sell some shares and receive £10,000, there is no CGT to pay so does that £10K go towards my personal allowance? £12570-£10000=£2570 left from my allowance Thanks

Hi, Please have a look at the guidance on tax when you sell shares. (Tax when you sell shares).
Thank you.

I have already looked at that before I posted , I can't find a simple answer to my simple question There is no gain so I don't need to pay Capital Gains tax My question is as per my original post do shares received go towards my personal allowance as per the example?

Hi Kingy,
No. Income tax and capital gains tax are two entirely separate taxes. The 24/25 Personal allowances (12570) is only set against income. The 24/25 annual exempt allowance (£3000) is only set against capital gains. Income tax liability is calculated first, to determin the rate of tax for capital gains. Please note that the rates of tax for capital gains in 24/25 increased as from 30 October 2024.
Thank you