30 day rule applicable when a stock is sold and a mini future acquired

Hi, I have tax free allowance left to utilise during this tax year. If I were to liquidate shares - let’s say 100 shares of Diageo - and subsequently acquire a mini future with 2x leverage with Diageo stock as underlying security, would that qualify for the 30 day rule? Ie. It would be ok and the transaction wouldn’t calculate towards the combined acquisition price. The issuer of the product is an investment bank. Best,

Hi,

You can see guidance here:

CG51500 - Share identification rules: introduction

CG51560 - Share identification rules for capital gains tax from 6.4.2008: the “same day” and “bed and breakfast” identification rules

CG51565 - Share identification rules for capital gains tax from 6.4.2008: treatment of relevant securities

These advise that the 30 days identification rules apply where the assets disposed of and acquired within 30 days are not distinguishable from each other. From what you have outlined, the securities disposed of and that acquired are clearly identifiable as separate assets. Therefore, the 30 day rule would not be applicable.

Thank you.