I am in my 70s and inherited shares from my late brother. I thought of selling the shares and investing the money in a worldwide index tracker fund since I do not have much offshore exposure at the moment. Is this a good idea? .profile-top a { text-decoration: none !important; } .profilequote { position: relative; background-color: #f3f3f3; border-top: 2px solid #c9c9c9; color: #333; padding: 15px 15px 10px 15px; border-radius: 10px; } .profilequote:after, .
There will also be capital gains tax implications when selling the shares. An estimate can be calculated and an informed decision can be made as to what strategy would be best to sell off some shares. It can be done over multiple financial years if needed to minimise any unwanted tax implications. You have certain tax exemptions on capital gains tax on an annual basis, so trying to stay within these exemptions will be ideal.
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