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Capital gains tax on shares sold and reinvested

Posted 19 February 2016

Daniel says:
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 TaxTim says:
19 February 2016 at 17:53

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

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