Younginvestor93
Registered User
- Messages
- 130
Are you an individual stock picker or how do you try to make use of it?It's worth using.
Note you can bed and breakfast to crystalize gains by selling and then buying; no need to wait 4 weeks.
It's crystalizing losses or buying and then selling you need to be careful about: https://www.askaboutmoney.com/threa...s-bed-and-breakfast-rules.208636/post-1571944
All financial planning involves weighing a series of trade-offs
In principle the CGT exemption looks attractive for smaller accounts but these tend to be hit disproportionately by fixed trading costs.
Our analysis indicates that picking up the annual capital gains tax exemption is ultimately more
valuable for small accounts but is not insignificant even at the €500,000 level assuming you can make the round trip trade cost effectively.
View attachment 5330
Marc Westlake CFP®, TEP, APFS, EFP ,QFA
CHARTERED, CERTIFIED & EUROPEAN FINANCIAL PLANNER™ professional
AND REGISTERED TRUST & ESTATE PRACTITIONER
Managing Director
[broken link removed]
Chartered Financial Planners
www.globalwealth.ie
Is this much of an issue in 2021, since many smaller accounts are likely to be using degiro or revolut these days which have low (or zero) fees?but these tend to be hit disproportionately by fixed trading costs.
Yes.Do you not just sell enough shares in December to make a profit of €1270 x 2 for a couple.
And then use the total sum you got from the sale to buy more shares.
So you still end up with the same amount invested, but a reduced tax liability on any gains for the future.
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