Capital gains tax on shares sold and reinvested

By Nicci Courtney-Clarke · Updated

Daniel

Daniel said:
19 February 2016 at 14:03

I sit with a case where a person sold shares of an equity portfolio and re-invested the amount into another investment plan fund. Is the person liable to pay capital gains tax on the portfolio sold?
TaxTim Nicci

TaxTim Nicci said:
19 February 2016 at 17:53

Yes they will have to pay CGT on the gains made from this sale.