F Cruncher
Joined: 11/5/2024
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Same Day rule and £50k self assessment question
Hello! I have a question to help me understand the Capital Gains Tax calculations on my self-assessment, when determining if "I have disposed of chargeable assets worth more than £50,000". Do you have to include 'same day rule' transactions (that I believe are ignored for capital gains purposes) in that £50,000 as the assets haven't actually been disposed of? (Bought and sold again in the same day.) Thanks in advance!