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CGT on shares: Is this plan ok?

soulsaver
soulsaver Posts: 6,692 Forumite
Part of the Furniture 1,000 Posts Name Dropper
I wish to avoid paying CGT on share gains where legally possible.
I'm maxed on 2010/11 ISA already, but have some gains on unsheltered shares.

Once I've calculated what my potential gains are for 2010/I1 I plan to cristallise gains less carried forward losses (if I get the claim in in time) to use the max allowance, avoid carrying gains forward to next tax year by selling £10680 worth of the unsheltered shares on April 5th (this tax year) and buying them back April 6/7th inside my ISA- thereby sheltering the gain portion of the £10680.

Is this ok?

Does this avoid the 30day rule?

I have looked on HMRC but cant find owt on it.
Help much appreciated.

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