Reader Q: How will selling shares in my ISA affect my CGT allowance?

1 min read Published: 25 Jul 2012

Get an answer to your financial question online

Reader Question:

Hi Damien,

I have some questions regarding selling shares that are held in an ISA.

My understanding is that when I sell shares that are in an ISA I do not have to pay any capital gains tax, even if the profit from the sale is over £10,600. My question is, will the profits still count towards my CGT allowance?

Meaning that if I were to make any capital gains later in the tax year would I have to pay tax?



My response:

Hi, no they won't.

Any capital gains made by selling shares held within a Stocks and Shares ISA are not liable to Capital Gains Tax (CGT). As such your CGT allowance will be unaffected.

For more detail on how Stocks and Shares ISAs work then click here.

I hope that helps


The material in any email, the Money to the Masses website, associated pages / channels / accounts and any other correspondence are for general information only and do not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation. See full Terms & Conditions and Privacy Policy.


Comments are closed.