88V8 wrote:hiriskpaul wrote:88V8 wrote:Regards equities, I need to have a heave-ho for CGT purposes
To use up your CGT allowance could you not swap with something In an ISA? eg if you have £40k of Shell/whatever you want to sell to bank the tax free gain and £40k of BP in an ISA, just sell the BP and buy Shell, sell the Shell and buy BP.
Good idea and I have done that in the past, but my ISA now holds mainly things that pay interest, which I try to minimise in my trading a/c, or things with a hefty spread.
I've also tried swapping with OH, but she has an unfortunate habit of trying to improve the shining hour by waiting until the price falls, which on the whole it doesn't.
Perhaps if I had another a/c under an alias...
V8
Wait for cash to accumulate in the ISA, then sell something and buy it back in the ISA? You could park ISA cash in some really short dated thing such as ERNS while you wait.