Bed & breakfast shares prior to Rachel Thieves tax raid?
Bed & breakfast shares prior to Rachel Thieves tax raid?
Author
Discussion

peterfield781

Original Poster:

218 posts

23 months

Thursday 5th September 2024
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Is it worth crystalising any gains and paying the CGT now before she starts hiking rates?

Any curveballs? Am aware of the 30 day rule.

The Leaper

5,521 posts

230 months

Thursday 5th September 2024
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I am considering selling all my shares soon and paying the current 20% CGT rather that the very likely 40% after 31/10.

R.

AllyM

519 posts

200 months

Thursday 5th September 2024
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A nice post and discussion on Monevator

https://monevator.com/are-you-selling-ahead-of-a-c...

Simpo Two

91,577 posts

289 months

Thursday 5th September 2024
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AllyM said:
A nice post and discussion on Monevator

https://monevator.com/are-you-selling-ahead-of-a-c...
Interesting stuff, thanks for posting.

peterfield781

Original Poster:

218 posts

23 months

Thursday 5th September 2024
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Thanks all useful info.

Am now wondering if any possibility she could backdate any rise in the rate?

stuthemong

2,516 posts

241 months

Friday 6th September 2024
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peterfield781 said:
Thanks all useful info.

Am now wondering if any possibility she could backdate any rise in the rate?
It’s petty unlikely IMO as it’s generally accepted that retrospective tax changes are very bad practice from an investments perspective to UK plc. Stability and clarity are important. Anti forestalling measures could happen, hence why some people are opting to crystallise gains before the 30th. I had contemplated the same, but fortunately the S&P has just shat it’s pants so I don’t have any gains anymore biggrin

SRK123

127 posts

30 months

Friday 6th September 2024
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peterfield781 said:
Thanks all useful info.

Am now wondering if any possibility she could backdate any rise in the rate?
imo almost certainly will-anything since 29 July!