Investment & Investing

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Drakien in reply to @frankenbike

It will still attract CGT if you put it in your pension or in an ISA. In your pension it will offset some income tax, but it's not accessible like an ISA.

Uhhh, I think CGT doesn't apply to pensions or ISAs:

https://www.moneyadviceservice.org.uk/en/articles/isas-and-other-tax-efficient-ways-to-save-or-invest#your-capital-gains-tax-exemptions

I've got a guide to CGT from Hargreaves Lansdown which says:

WHAT DO YOU PAY CGT ON?
Shares
Funds
Investment trusts
ETFs
Land
Investment and second properties
Other possessions, like art, worth
at least £6,000

WHAT DON’T YOU PAY CGT ON?
The family home*
Most personal possessions
Possessions that depreciate
UK government bonds (gilts)
ISA investments
Pension investments
Venture capital trusts (VCTS)
Enterprise investment schemed (EIS)

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frankenbike in reply to @Drakien

You're looking at a different thing I think.

Tenderloin wants to sell something without getting shredded by Sunak's (possible) 2021 40% CGT-deluxe. AIUI they were asking whether dumping into pension would alleviate the CGT (as is the case with income tax/income that you dump into pension). I was saying no, you still have to pay CGT, but can dump whatever remains into pension to offset income tax. Not that the pension itself would attract CGT

Clear as mud 🙃

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Tenderloin in reply to @frankenbike

Nah we’re on the same page - this is as I assumed. I hadn’t seen that Reddit before so will take a look through that plus speak with an IFA. Was avoiding getting dragged into the golf club chat hence being a little unclear. Cheers all!

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