So this is all hypothetical because I’m not making enough money to pay CGT yet, but say I have £100,000 of stocks and this it doubles to £200,000. When would I pay CGT? When I sell the shares or when I actually withdraw this money from T212?
Because if it’s the former, and I sold my £200,000 of shares and bought £200,000 of something else straight away, would I still be hit with a big CGT bill?
And if it’s the latter, does that mean I would be allowed to withdraw the CGT allowance each year and never have to pay CGT?