Sale of shares – CGT implications
Capital Gains Consideration on sale of shares
The rule is where an individual sells shares in a company and makes a gain, this gain is subject to Capital Gains Tax (CGT) at the prevailing rate (currently 33%).
However, when a company sells shares in a subsidiary company (Trading Company) and realises a gain, this gain is generally tax free.
Various Conditions apply and the shares must have been owned for more than a year.
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