Looking for clarity over HMRC 30 day "bed and breakfast" rule.

Brodel

I made a disposal on 29 September. If I want to repurchase the stock as early as possible, but not within the 30 days, am I correct in thinking that this would mean waiting until October 30?

The guidance on HMRC says the B&B rule applies to shares acquired within 30 days of the disposal, but doesn't say if the date of the disposal is included in that 30 days. Judging by the examples they give, I think it is included, but I wanted to double-check before I make a costly mistake.

Thanks in advance.

SnowMan

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg51560

The day of disposal isn't included. The 30 days starts on the day after the disposal. See example 1.

If you sold the shares on 29th September, then 30th September is day 1. And 29th October is day 30. So you would have to buy them back on or after 30th October to avoid it being treated as a repurchase within 30 days of the disposal

Brodel

SnowMan said:

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg51560

The day of disposal isn't included. The 30 days starts on the day after the disposal. See example 1.

If you sold the shares on 29th September, then 30th September is day 1. And 29th October is day 30. So you would have to buy them back on or after 30th October to avoid it being treated as a repurchase within 30 days of the disposal

Thanks for clarifying. My simple mind was getting a bit confused by the examples.