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![Current CGT rates](https://bvje65.n3cdn1.secureserver.net/wp-content/uploads/2024/07/4d47b46d-4bf0-4520-a237-a30b25e03fb0.jpg?time=1721904085)
![Gains on sale of shares](https://bvje65.n3cdn1.secureserver.net/wp-content/uploads/2024/07/73613bc7-0427-4648-a027-24ff747da98a.jpg?time=1721904085)
Gains on sale of shares
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% (but see comments below) when you sell shares unless they are in a CGT free investment such as an ISA or qualifying pension. Your gain is usually the difference between what you paid for...![CGT Incorporation Relief](https://bvje65.n3cdn1.secureserver.net/wp-content/uploads/2024/07/d10d1537-5d7e-46fb-bccd-f498c8ef8211.jpg?time=1721904085)
CGT Incorporation Relief
Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is converted into a company by reference to the market value of the business assets including goodwill. This could give rise to a chargeable...![Connected persons for tax purposes](https://bvje65.n3cdn1.secureserver.net/wp-content/uploads/2024/06/0d5fee11-df34-43de-a29e-d747b828dcf4.jpg?time=1721904085)
Connected persons for tax purposes
The definition of a connected person for tax purposes varies. A statutory definition of “connected persons” for Capital Gains Tax purposes is set out in Section 286 of the Taxation of Chargeable Gains Act (TCGA) 1992. The legislation states: " A...![Non-resident UK property sales](https://bvje65.n3cdn1.secureserver.net/wp-content/uploads/2024/06/730a1858-29d7-4ec5-90a1-96036fc97763.jpg?time=1721904085)
Non-resident UK property sales
There are specials rules that apply to UK property sales by non-residents. Since 6 April 2020 non-residents have needed to report and pay any non-resident Capital Gains Tax (CGT) due if they have sold or disposed of: residential UK property or land (land for these...![CGT Rollover Relief](https://bvje65.n3cdn1.secureserver.net/wp-content/uploads/2024/05/8971877f-022e-4b95-aad8-1539748b2ed3.jpg?time=1721904085)