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Question regarding Bed & Breakfasting Stocks bought at higher price - Tax implications
Foxyfox20
Posts: 1 Newbie
Hi All
I bought a stock earlier in January this year. The stock is currently 50% down and I am thinking of using the Bed and Breakfast method to transfer 20k of these stocks in my ISA allowance on 6th April.
I am hopeful that the stocks will recover this year - however for the purpose of tax returns , can I claim a capital gain loss against the shares that will be transferred into the ISA ? Also would I need to wait for 30 days in case I wish to purchase more of the same stocks in my regular (non Isa Trading account)
Appreciate any clarification on the above - Thanks
I bought a stock earlier in January this year. The stock is currently 50% down and I am thinking of using the Bed and Breakfast method to transfer 20k of these stocks in my ISA allowance on 6th April.
I am hopeful that the stocks will recover this year - however for the purpose of tax returns , can I claim a capital gain loss against the shares that will be transferred into the ISA ? Also would I need to wait for 30 days in case I wish to purchase more of the same stocks in my regular (non Isa Trading account)
Appreciate any clarification on the above - Thanks
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