Section 104 holding bed and breakfast rule

needhelp1_2

Hello,

I have just received some shares into a holding account (This was a mistake, I had wanted to take the shares as cash through payroll but I didn't complete a form properly.) So I now have circa £100k in shares that I want to sell. I have a Section 104 holding containing come historic shares in the same company and the gain on these is substantial enough to trigger a large capital gain on the new shares if I now sell them. Looking at the rules, is there any way to now sell the 'new' shares and match this sale against the recent 'purchase' so the capital gain will likely be a small loss or will all the shares have pooled from day 1 and average prices have to be applied to any sale? Any advice would be gratefully received. Thank you.

masonic

Yes, if the acquisition date is today, then providing you sell an equivalent number of shares today, they will be matched under the same day matching rule https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg51560

Otherwise you will need a time machine.

needhelp1_2

Sadly I missed Day 1 so I am now stuck with the shares.