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Where Taxpayers and Advisers Meet

Share matching rules

Joined:Fri Jun 04, 2021 5:49 pm
Share matching rules

Postby Jimw » Fri Jun 04, 2021 5:58 pm

Hello everyone, first post on forum and have a question:

I've done a few trades on asset I hold, scenario as follows:

Hold 100 shares in x at £1 per unit bought last year

1st May: Sold 25 shares for £2
2nd May: Sold 25 shares for £1.80
3rd May: Sold 25 shares for £2.20
3rd May: Bought 50 shares for £2

I realise the same day rule applies first, so on 3rd may 25 shares are matched for a gain of £0.20x25 and those shares still have a cost price of £1
However, how do I match the other 25 shares I bought back, Would I use the earlier disposal on 1st of May or would I pool the average price of the shares I sold on 1st/2nd May at £1.90? Ef the latter, which date should I use if I decided to buy back the final 25 shares, would the 30 day expiry start on 1st of May or 2nd of May?

Thanks in advance

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