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Where Taxpayers and Advisers Meet

When do I realise my cgt gain

jcpreston22
Posts:6
Joined:Fri Jan 04, 2013 2:24 pm
When do I realise my cgt gain

Postby jcpreston22 » Thu Feb 21, 2019 1:04 pm

Hi
I am hoping someone knows the answer to this.

I sold foreign shares (Indian Company) in last tax year but received the cash in Sterling in this tax year. Can someone advise when is the gain realised as far HMRC is concerned. I have hunted around but cant find any documentation.

Many thanks
Regards
John

wamstax
Posts:2019
Joined:Wed Aug 06, 2008 3:39 pm
Location:Operate Nationally but based in Aberdeen
Contact:

Re: When do I realise my cgt gain

Postby wamstax » Thu Feb 21, 2019 2:09 pm

As regards CGT the date of disposal of any asset is generally the date an unconditional contract for disposal of the asset is entered into and the date of completion or date the cash received is not relevant
regards and hope this helps
http://www.wamstaxltd.com
Operates Nationally with competitive costs
and email and phone contact (mob 07751720507) can be obtained from websites

jcpreston22
Posts:6
Joined:Fri Jan 04, 2013 2:24 pm

Re: When do I realise my cgt gain

Postby jcpreston22 » Thu Feb 21, 2019 6:50 pm

Many Thanks


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