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Posted Wed, 28 Aug 2024 14:04:45 GMT by Treasuresmith1
We have a pension lump sum invested in a triple access joint account in an investment bank and wish to transfer some of those savings to another of our accounts to pay in stages for a home improvement project. Are we liable to CGT at any stage either if we a) transfer the lump sum to a building society account (not an ISA) or b) pay the builders directly from the triple access account?
Posted Tue, 10 Sep 2024 09:54:17 GMT by HMRC Admin 25 Response
Hi Treasuresmith1,
No, as you have not sold an asset.
Thank you. 

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