Dylan Chesters
Joined: 12/8/2023
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Capital Gains on Shares sold outside ISA and then re-purchased within ISA
If I have share holdings outside an ISA and I chose to sell £20,000 of those shares with a profit of £8,000, can I transfer the £20,000 proceeds into an ISA and re-purchase the same shares within 30 days and not pay CGT? I am unable to use the Bed an ISA facility due to the different platforms on which my shares and ISA are held. Would I need to pay Capital Gains Tax on the £8,000 profit and moreover do I need to declare the sale in a Self Assessment at all if the same shares are re-purchased within an ISA?