Avoiding going over the Captil gains Annual Exempt Amount

GMNN

eskbanker said:

tigerspill said:

Can you sell and re-buy the same investment to use up CG allowances?

Only if you leave more than 30 days between those transactions....

Does this also apply to selling an investment in a "general" trading account, transferring the proceeds into a S&S ISA, and then re-buying the same investment?
I guess that's what's called "bed and ISA"? But couldn't find any reference to any minimum amount of time between the 2 transactions..

eskbanker

GMNN said:

eskbanker said:

tigerspill said:

Can you sell and re-buy the same investment to use up CG allowances?

Only if you leave more than 30 days between those transactions....

Does this also apply to selling an investment in a "general" trading account, transferring the proceeds into a S&S ISA, and then re-buying the same investment?
I guess that's what's called "bed and ISA"? But couldn't find any reference to any minimum amount of time between the 2 transactions..

No, the 30 day limit doesn't apply to Bed & ISA - the rationale for the 30 day limit is that if you repurchase the same investment (outside an ISA) within that timeframe, the two transactions are matched and it's determined that no disposal has taken place, so the value of the holding isn't reset for CGT purposes and the exercise is futile from that perspective.

However, if buying back within an ISA, there is no match and so the sale does crystallise the gain (or loss) for CGT purposes, even if within 30 days.

Chickereeeee

As no-one has yet answered OPs question:
You can't get get it exact. Some platforms allow you to sell £xx (a specified value) of shares, but iWeb require a quantity. As you say, you can only guess how much the proceeds will be when the sale actually takes place. Place the sale before 10am to be more likely to reduce the time before the transaction takes place. 

TBC15

With regard to selling units I generally request a sale on Tuesday morning based on Mondays price +1 ½ -2%. Once the sale goes through and the actual gain is known a smaller sale/buy can take place to mop up any remaining CG or repurchase to drop the gain bellow the CG allowance.