CGT: exemption reduction next year and 2024

Jeremy535897

Yes they would be different. The 30 day rule applies to "fungible" assets, basically those assets where individual items are identical, and in terms of bonds, it means the same bond, not something similar.

TMSG

"Fungible Assets"... found lots of pages with further details... you never stop learning.

Thanks all round... question answered.

But here's another one: further up @Jeremy535897 said that most corporate bonds if in UK companies are CGT exempt. I take it this means that those bonds have no relevance at all for CGT, ie neither gains nor losses will have any bearing on the tax position?

Jeremy535897

If they are qualifying corporate bonds (most company bonds expressed in sterling) or UK gilts, they are exempt from capital gains tax, and losses are not allowable.

TMSG

Thanks @Jeremy535897 for confirming. I was nearly 100% sure that this would be the case but tax rules have their own... ah... logic