Should I use the annual CGT allowance?

[Cantillon]

I have shares in company A, bought between 2008 and 2019, various purchases at prices between €2.67 and €15.28.

In 2021 I sold all shares at 15.89, made a capital gain, used past capital losses carried forward, submitted CG1 form, no CGT to pay.

I made capital losses on the four banks. In 2021, I used the losses on two of the banks to offset against the capital gain on share A.

Later in 2021, I bought back into company A, at 15.33, establishing this as a new base cost for CGT purposes.

Company A currently trades at over €20. I currently own two bank shares, one with an unrealised capital loss.

Should I repeat what I did before?

Although I wish to hold shares in company A over the long-term, should I deliberately sell some/all shares in company A, and sell the bank share with the capital loss, and then buy back into company A a week later, to use the capital loss, and maybe use the annual CGT allowance, to establish a new higher base cost?

The numbers look as follows:

Sell all share A, make capital gain = €4,600 approx
Sell bank share, make capital loss = €2,750 approx
Net capital gain = €1,850

This exceeds the allowance, so maybe I should just sell enough of share A to make a net cain of €1270?

Thanks.

The costs would be €9 fees I think for the three trades, and maybe €100 stamp duty.

 

[Corola]

Selling enough of share A to realise a gain of 1,270 means you'll save 31%* = 394 in the future when you properly sell share A.

So after fees you'll be around €285 better off. If you're rebuying enough to realise a 4k gain though you should be careful about the spread between the buy and sell price, which will eat into the amount saved.

There's no need to wait a week, you can buy share A back immediately.

*or whatever the CGT rate is