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Limited company share sale, reporting the gain

Director reporting the gain on the sale of the shares

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A director has sold their limited company and now needs to report the gain on the sale of the shares. Is there a time limit in reporting the gain ? The guidance on the HMRC website links you to the property gain reporting which obviously comes with a 30 day reporting deadline. There appears to be no definitive guidance for what to do in the scenario of a director selling their shares, unless it is just as straightforward as reporting a gain on a share disposal ? Some guidance with a supporting link would be very much appreciated.

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By Wanderer
13th Jul 2020 10:50

LisaJHeard wrote:

unless it is just as straightforward as reporting a gain on a share disposal ?

What makes you think something more is required?
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Replying to Wanderer:
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By LisaJHeard
13th Jul 2020 11:26

Because of some 'helpful' advice I was giving initially which triggered me to post this question. Thank you for your response

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Hallerud at Easter
By DJKL
13th Jul 2020 11:01

The only reasons I can think you might wish to do anything much extra is if the sale was to a connected party , the shares were acquired by dint of employment or acquired before March 1982.

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RLI
By lionofludesch
13th Jul 2020 11:14

"Some guidance with a supporting link would be very much appreciated."

If it's not on the internet, it can't be true.

Of course, it's hard to find a link to an obligation which doesn't exist.

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