Hi All,
I'm pretty new to the whole share dealing process but I am currently over my capital gain allowance for the year by £900.
My current holding is restricted to only one company and I would like to sell asap to secure the current price as its pretty volatile.
My current plan is to sell and rebuy on April 5th to take advantage of the bed and breakfast rule securing my current price and resell the share on the 6th April.
That way I'm hoping to (assuming the price does remain the same of get better) to only pay 0.5% stamp duty on the total value (£150) rather than 28% of my profits (£3000).
Any help would be greatly appreciated.
I'm pretty new to the whole share dealing process but I am currently over my capital gain allowance for the year by £900.
My current holding is restricted to only one company and I would like to sell asap to secure the current price as its pretty volatile.
My current plan is to sell and rebuy on April 5th to take advantage of the bed and breakfast rule securing my current price and resell the share on the 6th April.
That way I'm hoping to (assuming the price does remain the same of get better) to only pay 0.5% stamp duty on the total value (£150) rather than 28% of my profits (£3000).
Any help would be greatly appreciated.
