Hello,
I have a limited company which I am selling 100% of the share capital. The company is being sold for an initial consideration £250k plus deferred payments of £125k per year for the next two years, therefore total sale price is £500k.
My question is, upon selling the shares in this business, when does my CGT become payable? Specifically, do I pay CGT on the total purchase price on the sale at execution or will the deferred payments only be taxed when they are received.
Thanks!
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