If you sell an asset you may have to pay Capital Gains Tax (CGT). An asset is something that you own – such as shares or property. You may also have to pay CGT if you give away an asset.

HMRC has a comprehensive web site with information on allowances, rates and the position of former shareholders of Northern Rock.

They have fact sheets and guidance it is your best port of call if you are trying to understand your position.

However Capital Gains Tax and its allowances is a complex subject and we would always recommend you take professional advice before taking any steps based on your own understanding.  Reading te HMRC material will educate you and help you to better understand the recommendations of your professional adviser.  

It may be that you will need advice from both an Investment adviser as well as an accountant.