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    • mubeye
    • By mubeye 28th Nov 17, 1:11 PM
    • 114Posts
    • 15Thanks
    sold shares ignorant of CGT. Any way I can avoid?
    • #1
    • 28th Nov 17, 1:11 PM
    sold shares ignorant of CGT. Any way I can avoid? 28th Nov 17 at 1:11 PM
    I just sold a bunch of shares in a taxable account, with a gain of about 20k

    It was dumb move as I don't need the cash, I just wanted to switch funds. And now I think I will owe tax.

    Can I reverse this somehow?

    This year I will earn 10k = 30k ltd company dividends a year. Any idea what rate I'll pay?
Page 2
    • bigadaj
    • By bigadaj 29th Nov 17, 1:38 PM
    • 10,817 Posts
    • 7,141 Thanks
    Hmm , you think these three are leading indicators or something? Main theme Iím interested in is long term trends. Ftse is not showing obvious signs of crashing right now?

    But anyway none of those businesses are listed in the US so probably not the best canaries re the OP.

    Main question is, do I expect USA economy to crash by 2018 apr to extent losses will outweigh 2k Cgt? I think 0% is most likely, (which is a loss in real terms but Iíd take it). A crash is possible but I canít see the start of it personally... and Iím not going to actively short the US right now , I think this run could have a few months left, for all I know.

    Probably more informed people than me, are already seeing it starting to crash, but I canít see it from the stands , so I think holding is safest plan.

    You would sell now and pay the 2k?
    Originally posted by mubeye

    I was thinking sector, so infrastructure and related construction services.

    It was mentioned in another thread that HICL had a significant holding in Carillion and infrastructure is the new black for many, near guaranteed returns with low interest rates ahs pushed assets to premiums. In those situations where the construction arm is owned by or invested in by the infrastructure owner/ provider, or there is a significant risk that the collapse of a Contractor will have a large impact on project progress/ completion. revenue then the fallout could be serious.

    It's an area that I've not seen highlighted before, and whilst these guys may well have contractors tied up with penalty clauses etc then if they go bust it's the owner/ supplier who'll be left with the liability.
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