question about cgt

[Ilikeitblackplease]

i invested 60k in shares I make 67k in shares total 127k now if I take out the 60k that I originally used and left 67k in shares( the profit) would I have to pay cgt even thou I haven't taken out the profit as the profit has not been realised? I would still have my allowance of 11k so in theory can i take out 60K original money plus 11k tax free leaving 56k in shares?

 

[Ilikeitblackplease]

Are these inside a tax-free wrapper such as an S&S ISA or a SIPP ? If so, then there is no CGT liability.

If they're not wrapped, then you have to pay tax on the profit made at the time of the sale. So if you want to completely avoid CGT, you need to sell the shares off over a number of years so that your annual profit is under the 10K threshhold..

No they are not in isas, but the profit has not been touched,I thought you only pay cgt if you sell all, but Im not selling the whole portfolio, I'm just extracting what I put in at the start. You don't pay cgt on your original capital.