Food & Drink5 mins ago
Sale Of company shares & Capital Gains Tax
If you sell your shares back to the company can you still deduct the value of the purchase price for CGT purposes?
Answers
Best Answer
No best answer has yet been selected by auzzie. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Err yes.
I have no idea why buildersmate seems to think the "purchase price" and "the price you bought at" are different things? There's nothing in the question to suggest it.
Buildersmate is correct, the capital gain is the difference between selling price and purchase price of the shares.
For the avoidance of doubt that means the price YOU bought them for, although I think that's all you were asking in the first place.
I have no idea why buildersmate seems to think the "purchase price" and "the price you bought at" are different things? There's nothing in the question to suggest it.
Buildersmate is correct, the capital gain is the difference between selling price and purchase price of the shares.
For the avoidance of doubt that means the price YOU bought them for, although I think that's all you were asking in the first place.
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.