Capital gains tax on partnership sale

I subscribed funds into a partnership in which I was due a share of the profits which I paid tax on. These profits were retained and used in the business. The business has now been sold. Can I add the retained income to my cost for CGT purpsoes. Thanks

Hi ,
 

Its not really clear exactly what has happened here. You have mentioned profits taxed already presumably you never actually received them and they went back into the business, its not clear if this then paid back to you when the partnership ceased and you are including this as consideration received for cg as this would have been income tax charged wont then also fall under Capital Gains  refer   to CG14300 - Computation: interaction with other taxes: income tax - HMRC internal manual - GOV.UK and HS288 Partnerships and Capital Gains Tax (2024) - GOV.UK  which explains more about the capital gains aspect. We can only signpost you to general guidance on this platform. If you wish to discuss further and provide more information then you would need to contact us directly to discuss your own personal situation.  Thank you .