Is capital gains tax applicable if one sells shares in a company but reinvests the proceeds again in the same company through a self-invested pension plan (SIPP) or individual savings account (ISA) within 30 days?
Arthur Weller replies:
I presume that you mean the individual sells shares in the company, and then puts the money into a SIPP or ISA, which buys new shares in the company, within 30 days. The shares held in a stocks and shares ISA are kept separate from the investor's other holdings for the purpose of the capital gains rules for matching disposals with acquisitions; similarly, for the SIPP. So capital gains tax will be applied in the normal way.
This question was first printed in Business Tax Insider in April 2018.