Capital Gains

[barjon]

since bed & breakfasting became illegal can anyone tell me
if there's a minimum period before you can re-buy shares
you've sold for capital gains purposes?

Thanks (don't laugh at the prospect of me having any capital
gains!!!!)

jon

 

[gmca686]

hi Barjon

Its not illegal!!
If you are married a simple solution is to "bed and spouse" Sell from one partner's account and buy back in the name of the other.
If you are not married, 30 days is the time interval before the new purchase is not tied to the previous sale.
The other trick I do is to have share ISAs for quick in and out deals where capital gains tax is not applicable.
regards

 

[barjon]

gmca

thanks

bed and spouse sounds nice in more ways than on!!

jon