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Posted Fri, 20 Dec 2024 16:00:33 GMT by Howard Boddy
I have two portfolios - a non ISA trading account and a Stocks and Shares ISA. If I dispose of shares in the non ISA account then use an existing cash balance in the ISA account to repurchase those shares, (either on the same day or within the 30 days), is the CGT on disposal crystallised, or are the shares to be recorded in the ISA at the original purchase price, with no CGT liable until they are disposed of from the ISA. In this scenario, of course, when those shares are disposed of from the ISA, there will be no CGT liable. This is different from a Bed and ISA, as the repurchase of the shares will not be purchased as part of that year's ISA allowance as the cash used to repurchase them is already in the ISA and needs no further influx of funds in that year.
Posted Thu, 09 Jan 2025 14:33:17 GMT by HMRC Admin 20 Response
Hi,
Please refer to Capital Gains Manual CG13360 - Bed and breakfasting: conditions to be satisfied
Thank you.

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