Does 4 brand trigger capital gains tax or do I have to declare 4 grand of share sale?

[Packageholiday]

I'm furious with best invest I've waited 10 days for the weakest vaguest response to my question.

It's 4 grand of shares I want to sell and put into my isa. Different holders.

I imagine if there is a capital gain you will need to declare it on your tax return next year it's not going to be much though is it if it's only worth 4k, how much us the gainn? You can have up to £1000 as far as I know before you need to pay, what other interest and non PAYE do you have?

You should still declare it, but your CGT allowance should cover it so you shouldn’t have to pay anything. Unless you’ve already used it in this financial year. The allowance is 6k annually.

Definitely not used any capital gains allowance its a one off...

But wouid selling shares be declared as income? Even though it's going into my sipp.

I think they were worth over 40 each when I got them and now 38 each

Your Tax Return will ask if you have had capital gains over £6K (2023-2024's CGT allowance) in the financial year, if your shares were sold between 6 April 2023 and 5 April 2024. That's the GAIN you made, ie the difference between what you originally paid for the shares and what you sold them for (which could also be a loss!)

(If you sold them before April 2023 the allowance was £12K, and if you sell them after April 2024 the allowance will be £3K.)

If your shares didn't sell (2023-24) for £6K (or more) more than you paid for them, you simply answer 'no' and move on to the next question.

If they are worth less than you paid for them you didn't make a gain of any size.

It doesn't matter where they are going; HMRC are only interested in whether or not you made a gain when you sold. (Unless they were tax exempt in some way at the time of sale, eg in a ISA wrapper)

Does it trigger income tax

No. You're only taxed on the profit (gain) you make on selling them.

Thank you.

So I can sell my shares and put the proceed into my isa and not have to record it anywhere