Hi all,
I have a company sharesave expiring later this year and fortunately it's looking like a very healthy profit at the moment.
I will have invested 18k, and at the current share price it should be worth around 40k.
I'm looking at the best approach to sell those shares in the most tax efficient way - as it looks like CGT has dropped to 6k from the start of the next tax year.
From doing some research I am considering the below:
- Move 20k of shares into my stocks ISA, sell those for 0 CGT. Re-invest the ISA cash in Index funds.
- Gift 20k of shares to my spouse (in her stocks ISA), she can sell those for 0 CGT. Re-invest the ISA cash in Index funds.
- Any excess can go in a general taxed account but will be small so wouldn't incur CGT
Obviously, this means we cannot invest any other savings in our ISA's that year but I would use my taxed account instead and move to ISA in future years (bed and ISA).
Anyone have similar experience/thoughts/advice on this topic?