VLS Fund switch

[Deleted User]

I'm currently invested in LS 40% fund and was thinking about whether now is a good time to switch to LS 60% as prices have gone down.  However, I'm not sure about the tax implication regarding the 30 day rule - if I were to sell the 40% fund, can I buy the 60% fund within the 30 days as I don't want to stay out of the market for too long.  Not sure if they have the same class or not and not able to find anything on the Vanguard website, so appreciate if someone can provide me with some details.   

eskbanker

They're different funds, so no CGT issue if switching from one to the other within 30 days....

[Deleted User]

As a matter of interest, since there is no tax implication on a fund within an ISA,  if you sell and re-buy the same fund within 30 days, (still in the ISA) what effect if any would this have regarding the 30 day rule.  I'm not sure that it would matter.   

george4064

[Deleted User] said:

As a matter of interest, since there is no tax implication on a fund within an ISA,  if you sell and re-buy the same fund within 30 days, (still in the ISA) what effect if any would this have regarding the 30 day rule.  I'm not sure that it would matter.   

There is no tax liability if the fund is held within an ISA, so doesn’t matter what you do with it - no tax.

Shocking_Blue

george4064 said:

[Deleted User] said:

As a matter of interest, since there is no tax implication on a fund within an ISA,  if you sell and re-buy the same fund within 30 days, (still in the ISA) what effect if any would this have regarding the 30 day rule.  I'm not sure that it would matter.   

There is no tax liability if the fund is held within an ISA, so doesn’t matter what you do with it - no tax.

Hi,
So, say for example you had 20K in VLS60 in an ISA, sold it, then decided you'd changed your mind and bought it (exactly the same fund) a week later as part of your ISA, the 30 day rule wouldn't apply (i.e. you wouldn't be liable for CGT for doing this?).
Thanks.

Thrugelmir

Asset prices get marked down for a reason. Investing shouldn't be treated like a trip to the supermarket to do the weekly shopping. 

Audaxer

Shocking_Blue said:

george4064 said:

[Deleted User] said:

As a matter of interest, since there is no tax implication on a fund within an ISA,  if you sell and re-buy the same fund within 30 days, (still in the ISA) what effect if any would this have regarding the 30 day rule.  I'm not sure that it would matter.   

There is no tax liability if the fund is held within an ISA, so doesn’t matter what you do with it - no tax.

Hi,
So, say for example you had 20K in VLS60 in an ISA, sold it, then decided you'd changed your mind and bought it (exactly the same fund) a week later as part of your ISA, the 30 day rule wouldn't apply (i.e. you wouldn't be liable for CGT for doing this?).
Thanks.

I can't see a problem with that if it's within the ISA which has no tax liability.

ColdIron

Shocking_Blue said:

george4064 said:

[Deleted User] said:

As a matter of interest, since there is no tax implication on a fund within an ISA,  if you sell and re-buy the same fund within 30 days, (still in the ISA) what effect if any would this have regarding the 30 day rule.  I'm not sure that it would matter.   

There is no tax liability if the fund is held within an ISA, so doesn’t matter what you do with it - no tax.

Hi,
So, say for example you had 20K in VLS60 in an ISA, sold it, then decided you'd changed your mind and bought it (exactly the same fund) a week later as part of your ISA, the 30 day rule wouldn't apply (i.e. you wouldn't be liable for CGT for doing this?).
Thanks.

There are only so many ways to say No Tax
There is no tax on capital gains within an ISA

There is no tax on dividends within an ISA

The 30 day rule determines the tax treatment of capital gains, if there is no capital gains tax within an ISA it plays no part at all

Shocking_Blue

Audaxer said:

Shocking_Blue said:

george4064 said:

[Deleted User] said:

As a matter of interest, since there is no tax implication on a fund within an ISA,  if you sell and re-buy the same fund within 30 days, (still in the ISA) what effect if any would this have regarding the 30 day rule.  I'm not sure that it would matter.   

There is no tax liability if the fund is held within an ISA, so doesn’t matter what you do with it - no tax.

Hi,
So, say for example you had 20K in VLS60 in an ISA, sold it, then decided you'd changed your mind and bought it (exactly the same fund) a week later as part of your ISA, the 30 day rule wouldn't apply (i.e. you wouldn't be liable for CGT for doing this?).
Thanks.

I can't see a problem with that if it's within the ISA which has no tax liability.

ColdIron said:

Shocking_Blue said:

george4064 said:

[Deleted User] said:

As a matter of interest, since there is no tax implication on a fund within an ISA,  if you sell and re-buy the same fund within 30 days, (still in the ISA) what effect if any would this have regarding the 30 day rule.  I'm not sure that it would matter.   

There is no tax liability if the fund is held within an ISA, so doesn’t matter what you do with it - no tax.

Hi,
So, say for example you had 20K in VLS60 in an ISA, sold it, then decided you'd changed your mind and bought it (exactly the same fund) a week later as part of your ISA, the 30 day rule wouldn't apply (i.e. you wouldn't be liable for CGT for doing this?).
Thanks.

There are only so many ways to say No Tax
There is no tax on capital gains within an ISA

There is no tax on dividends within an ISA

The 30 day rule determines the tax treatment of capital gains, if there is no capital gains tax within an ISA it plays no part at all

Yep,

Sorry - just making sure I had this 100%.

Thanks.