Is selling an investment liable for tax?

[flydigital]

Take this example:
I buy an investment for £100 and it rises to £1000. I then sell it as I think the price is going to drop. The price doesn’t drop and continues to climb. So I buy back in and now one the shares again more or less.
At one point I was £900 in profit sitting in the trading platform balance sheet Is that transaction liable to capital gains tax?

[robbob]

Is that transaction liable to capital gains tax?

It depends upon the timing of the transactions whether there is a share pool involved etc- very nicely worked example here - warning this is based on prior year rules but i am not aware of any specific changes this year.

http://www.accaglobal.com/uk/en/student ... -2017.html

I am presuming you are aware of the capital gains annual exempt amount of £11,300 (17/18)

[AGoodman]

The general rule is yes, you have made a gain of £900 and acquired a new asset with a new base cost of the purchase price.

As mentioned above, the position is much more complicated for securities, including shares.

[hungryfor knowledge]

Dear Sir/Madam,
I would be grateful if you could kindly answer the following CGT related questions

1 selling existing BTL property and use the gain to pay off another BTL property loan. will I be liable for CGT?
2.use same the gain to buy another BTL property?any cut liability ? what is the time frame I need to use the gain to invest in a new BTL property?

[bd6759]

There is a taxable gain on the sale.

There is no relief or exemption for paying off a debt or acquiring another property.