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Posted Thu, 25 Jul 2024 10:23:56 GMT by Perfusion
Hello, If I were to buy 100 shares of a company for £10,000 and the share price doubled after I bought it - so 100 shares are now worth £20,000. Then I were to sell 50 shares of that company for £10,000 and just hold the other 50 shares, does this trigger capital gains tax? I have only gained back my original cash stake in the company and not profited per se on a cash basis, rather the profits are still held in the asset. Or Would the per share price trigger capital gains tax? So by me selling 50% of my shares I would be taxed on £5000 (I'm disregarding the £3000 tax free allowance for the sake of simplicity). Thanks Tom
Posted Tue, 30 Jul 2024 09:41:51 GMT by HMRC Admin 19 Response
Hi,

Yes, as you are only selling half of your shares, you can only claim half the purchase price of £5000.

Thank you.

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