Re: B&B question
- From: Terry Harper <terry.harper@xxxxxxxxxxxxxx>
- Date: Mon, 30 Jan 2006 18:44:20 +0000
On Mon, 30 Jan 2006 15:57:49 +0000, Postman Pat
<at@xxxxxxxxxxxxxxxxxxxxxxx> wrote:
>If one is realising just the annual CGT allowance, is there any point
>in doing the B&B (which I know has to be more than a 30-day gap
>nowadays) over the 5th April date?
>
>I can't see there is any advantage; both the sell and buy transactions
>can be done within the same tax year.
>
>Am I missing something?
I think that you are better doing it before the end of the tax year,
because the taper relief will then count from the beginning of the new
tax year. There is debate about whether it involves periods of 365
days or a financial year.
--
Terry Harper
URL: http://www.btinternet.com/~terry.harper/
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