Sale of unlisted share

This discussion addresses the tax implications when unlisted shares are sold for less than their Fair Market Value (FMV), even if the seller paid Capital Gains tax based on the FMV. It clarifies that the purchaser may also face a tax liability if the purchase price is below the FMV. Specifically, if the difference between the purchase price and FMV is £50,000 or more, or if the purchase price is significantly lower than FMV, it could be treated as a taxable gift for the buyer.