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Posted Tue, 09 Jul 2024 11:14:35 GMT by Nigel Taylor
I sold a number of unit trusts in 2023/2024 tax year, which will result in payment of CGT due to gains exceeding the annual allowance. I have calculated the gains/losses for each unit trust using the s104 approach explained in HS284 and the example 3 link. This was complex due to each Unit trust having multiple small withdrawals every month to pay for the various product charges/fees, and occasional purchases. Whilst undertaking this exercise I have noted some unit purchases have been within 30 days of sales and have a mix of purchase values being higher than the sales value and vice versa. The bed and breakfasting rule is complicated to factor into my calculations and wonder if there are any examples you can share (akin to the methodology used in the example 3 within HS284) that show a number of withdrawals and repurchases?

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