Bed & breakfast shares prior to Rachel Thieves tax raid?

[peterfield781]

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]

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]

A nice post and discussion on Monevator

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

[Simpo Two]

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]

Thanks all useful info.

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

[stuthemong]

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

[SRK123]

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!