shares in a limited company have been sold to another company and the agreed sale was 31/1/18 and most of the money was paid to the shareholders before 5/4/18 but some of the money wasnt paid until after 6/4/18 so can we calcuate the cgt on the first lot of money in the tax year 17/18 and then do another calcuation for the 18/19 - so we get the allowance in each year??? or do we put it all onto the 17/18 tax return
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My more knowledgeable colleagues will confirm, but my understanding is that if payment is delayed as it has been agreed that the contract will be settled in installments, then the whole gain occurs in 17/18.
If however loan notes have been issued and this is the reason that some of the payment wasn't received in 17/18 (as the loan notes are settled in 18/19) then possibly some of the gain arises in 18/19. This will depend on whether they've elected to treat the gain as occurring on the sale of share/issue of the loan notes (often the case if looking to preserve access to Entrepreneur relief).
Retention is quite normal and only a three month wait. My view is the whole amount needs to be reflected in 17/18. Wait until the bad debt issue has been resolved so that you have the actual consideration received.