Stock trade 30 day rule

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Mar 18, , 5: Please don't refer me to the HIR site on this one as I have read and read it and still don't understand the explanation my fault and no body else's , it's just me being a bit thick on this particular subject. So, I would like to give an example and someone who "definitely " knows the "right answer" can just give me the right words, thank you.

Start 30 Day cycle: End of Day cycle.

My questions are 1. How much capital gains would I be liable for with those 3 trades? What 2 trades do I pair up to obtain the gain?

As I say I'm being a bit thick with all this so can you perhaps put each gain next to each trade so it is crystal clear to me if it's practical for you to do so. Mar 19, , 2: Hi The shares that are sold within the 30 day bed and breakfasting period are identified on a first in first out basis, so in your example would be paired as follows: Mar 19, , You just input all of your transactions into your portfolio ledgers see example: Ledgers - timetotrade And then go the Capital Gains page eg CGT - timetotrade and it works out your taxable gains using the HMRC share identification rules and allocates losses etc.

All the best timetotrade timetotrade. I was surprised that in both our examples the gains turned out to be the same.

The wash sale rule is a nasty little piece of tax code - MarketWatch

Last edited by Burnley; Mar 19, at 6: Mar 24, , Hi Burnley Overall gain is the same in both examples because you are disposing of the entire holding with no further purchases within next 30 days. However, if you were to dispose of, eg 50 shares on day 13 instead of shares then the gain would be different in the two examples.

The UK Day Rule. (CG).

Thread Tools Show Printable Version. Search this Thread Advanced Search. LinkBack LinkBack URL About LinkBacks. Notices Join T2W today and enjoy a great package of benefits I was surprised that in both our examples the gains turned out to be the same Last edited by Burnley; Mar 19, at 6: Mar 14, 6: Dec 24, Oct 3, Jul 5, Sep 11, 4: Currently Active Users Viewing This Thread: