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Hi, Thanks for the reply. I've read that page (and the surrounding section). I'll be honest, its far too technical for me to understand it clearly enough to base financial and tax decisions on my interpretation. That said I "think" its saying that no I can't make use of my CGT allowance in this way and would have to have a gap of over 30 days between selling and buying back. Thanks

Hi, I'm hoping for a bit of advice, I've done a fair bit of searching online but the answers I've found are vague when it comes to crypto and CGT. I've got some crypto thats increased in value from £2,000 to £6,000 over the last few years. I'd like to make use of my CGT tax-free allowance for this year by selling it and then buying it back the same day, thus resetting the base cost to £6,000. Is this allowed? And am I correct that it would reset the base cost? I don't want to do anything illegal or that will cause me problems in future. Thanks