Skip to main content

beta This is a new service – your feedback will help us to improve it.

A question on bread-and-breakfast rule.

Answer
reimondo
Posted Sun, 08 Sep 2024 18:51:15 GMT by reimondo
Dear HMRC admin, I sold an ETF that tracks the performance of S&P 500 (denominated in USD) and bought its equivalent denominated in GBP on the same day. Does the bread-and-breakfast rule apply to this scenario? Thank you.
Answer
HMRC Admin 32 Response
Posted Fri, 13 Sep 2024 13:29:54 GMT by HMRC Admin 32 Response
Hi,
As you are not buying the same thing, bed and breakfasting rules will not apply.
Thank you.

You must be signed in to post in this forum.