CGT liability

If I sell an investment trust (and convert it into an ISA) is CGT liable? If so how will the CGT be calculated. It is an investment trust originally invested in over 20 years ago and regular payments monthly of varying amounts paid into it (from £0 up to £100 a month). Thanks

Hi,
If it has increased in value it will be liable for CGT. Please refer to guidance at:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you

Thank you. Just to confirm. For reporting a Capital Gain for tax that has to be done by 31st December of the next tax year. Ie. A capital gain in the tax year 2024/2025 has to be declared by the end of 2025?

My husband and I have a residential mortgage with Halifax and are looking to raise capital against our residential home in the way of a further advance, to allow us to buy an investment property outright. We are looking to borrow the capital on an interest only basis so that the rental income covers the increased cost. Although the mortgage is for the purpose of a BTL property it’s technically secured on a residential basis. In the event the property increases in value, I would be interested to understand whether or not the stamp duty costs at purchase can potentially be offset against CGT at the time of a future sale