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A question on bread-and-breakfast rule.

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.
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.

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