Sell Shares & Re-Invest

I hold only one share - CRH PLC. Current holding valued at €55,000 today. If I sold now for cash I would have a gain of €22000. I would have to pay CGT of 7260, before allowances.
I want to diversify.
If I sell 90% of my CRH shares and reinvest in 9 other Irish and UK shares will I still have to pay CGT ?
I think there was roll over relief, but that is gone.
Please advise how I can diversify and not pay CGT.

I don't know how you could dispose of a block of shares without CGT being applicable but buying other shares with the proceeds won't change anything in this regard. I suppose there's a small allowance on gains from any one year (€1,270) which you could use. You're not carrying any capital losses on investments from previous years?

There is no CGT relief for re-investing.

€55k is too much in one share, so you should sell and take the hit.

If any of your new purchases fall in value, you can sell them before the end of the year and set the loss against the gain.

But maybe there is no hurry to sell. Sell some now. And sell some in the new year to avail of the annual relief. It's small, but you may as well have it.

I did it recently to rebalance my portfolio. It hurts, but it's the right thing to do.

Brendan

You single or married: if married then CGT free transfer between spouses so explore that maybe as both get the 1,270 pa