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How would you reflect sell of Ltd in Self Assessme

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If a company director buys and Ltd and then sell it on the same price /Shares - would you reflect in their self assessment under the Capital Gains section

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By David Ex
19th Oct 2021 13:18

Oh, absolutely!

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By Paul Crowley
19th Oct 2021 13:33

Depends upon price

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By pauld
19th Oct 2021 14:17

I do like a question that makes absolutely no sense at all !

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ALISK
By atleastisoundknowledgable...
19th Oct 2021 14:57

42

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By thomas34
19th Oct 2021 16:07

Depends. If the sale proceeds were more than 4 times the annual CGT allowance.

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ALISK
By atleastisoundknowledgable...
19th Oct 2021 18:05

thomas34 wrote:

Depends. If the sale proceeds were more than 4 times the annual CGT allowance.

4? I thought it was 5. Did it change? I might need to tell my PI co about some erroneous returns …

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Replying to thomas34:
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By David Ex
19th Oct 2021 18:43

thomas34 wrote:

Depends. If the sale proceeds were more than 4 times the annual CGT allowance.

Is that what the legislation says or what HMRC think?? I’ve no idea; just interested.

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