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  • RE: Selling and buying back crypto .

    Hi, thanks for the reply. I have read this before and just don't understand any of it. So as not to become liable for CGT, is it ok to 1) Sell crypto. 2) Buy back the crypto within 30 days (or after 30 days, which is it please?) 3) I would make the buy back to the same value of the sold crypto. Is this ok? It is impossible to buy back the same quantity, Prices vary every second, and crypto is made up of whole coins and decimal places. It's not like selling and buying shares that would be the same quantity as shares are just single units. The reasons for this is that I may want to sell before the Budget, and if the Budget is favourable to CGT on crypto, I would like to buy back what I sold. If unfavourable, the crypto would remain sold and then pay the CGT due at the existing rate. Thanks for any help.
  • Selling and buying back crypto .

    Is it possible in the same tax year to sell crypto, and then buy back the same value, such that no CGT is due on the original sale? Is there something to do with a time period of 30 days? This is not trading, having hodled for many years. The coming budget is a gamble. I want to sell before the budget, but if the budget is not too unfavourable, then buy back into my investment. Any links I can read that I can actually understand?