Minimising Capital Gains Tax

[skeemee]

Hello, hoping for some general advice...

I made an investment in shares in a non-listed company 2-3 years ago. I'm thinking about cashing them in soon, the gain would be approx £60k. How can I minimise CGT? My mum has some shares too, but her gain would be £20k. What's the best course of action?

Can you cash them in in two batches, one this tax year and one next? Then you'd get two lots of the annual CGT relief (£11,100 I think) so would only be taxed on £38k of gain.

Secondly do you have a spouse to whom you could transfer half the shares? Then you could utilise their CGT tax free band as well.

You only pay CGT at 10% on basic rate gains so again worth examining how you could split between you and a partner to maximise this.

Those are the easy ones on the top of my head. I can't think that entrepreneurs relief would apply to this but worth examining as the whole gain is at 10% I think if it applies. Rollover relief again I am not sure would apply but maybe worth examining as well.

@Nacreous thanks v much for replying. I will look into entrepreneurs relief, as a split over tax years and transfer to spouse isn’t possible I’m afraid.