B&B shares

aroominyork

If I rebuy shares sold <30 days ago, is the gain/loss from that initial sale ignored for CGT purposes, with CGT instead calculated against the original purchase price when I eventually sell the shares? Meaning that if the share price rose during the days I did not own them, I would pay CGT on a gain I didn't benefit from?

EthicsGradient

If you buy shares of the same class in the same entity before 30 days, then the acquisition price for your earlier sale is taken, first, from the new purchase (if it's the same number of shares, that's easy; if you don't buy so many, then you use the new purchase price for some of them, and the old purchase price for the difference).

The purchase price for what you then have will be taken, if the new purchase was of an equal or lesser number of shares than you sold, from the original purchase. If you bought more than you had sold, then it will be a combination of the old purchase price for all of those, and of the new purchase price for the difference.

Nothing gets "ignored".

aroominyork

Many thanks, @EthicsGradient. I've inputted the numbers into my spreadsheet and it all seems correct. As well as your explanation, I found the following example useful from https://techzone.aberdeenadviser.com/public/personal-taxation/Practical-G-Share-match.