Sell and re-invest

RobHT

Hi,

let's make an example, if I sell shares today and I re-enter the market soon, is this considered CGT?

Taking out the allowances etc, I need to know if I pay taxes even if I re-enter in the market.

Is it valid also if I invest in other companies afterwards?

I ask this questions because in case of losses involved during the operation, I would like to be able to asses them in the tax declaration, and the State for sure wants to assess them on the other way around  

NottinghamKnight

CGT is triggered on crystallising a gain, which normally means selling, if the share price goes up and you don't sell then there's no CGT to pay. You will need to keep good records if you exceed the CGT allowance and also need to report if the value of your trades exceeds 4 times the allowance even if you don't make a taxable gain.  Losses can be offset against gains of course. 

masonic

If you repurchase the same shares within 30 days then it will not count as a disposal for CGT purposes and won't crystallise a gain/loss. If you reinvest into different shares then it will. If you are investing within an ISA then gains/losses are exempt.

MDMD

masonic said:

If you repurchase the same shares within 30 days then it will not count as a disposal for CGT purposes and won't crystallise a gain/loss. If you reinvest into different shares then it will. If you are investing within an ISA then gains/losses are exempt.

The 30 day rule doesn’t apply when selling shares held outside an ISA and purchasing the same shares back within an ISA  (i.e. a gain will be crystallised).

https://monevator.com/bed-and-breakfasting-and-cgt/