From: "Doug Ramage" 
Newsgroups: uk.finance
Subject: Re: Annual CGT
Date: Fri, 5 Mar 2004 10:16:32 -0000

A FTSE 350 unit trust is not the same class as a FTSE 250 unit trust.

A FTSE 350 Unit trust from one company is a different class from the FTSE
350 of another company.
--
Doug Ramage

"Kathy Burke"  wrote in message
news:EHX1c.15587$h44.1683595@stones.force9.net...
> Thanks Doug,
>
> I found the section.  It says:
>
> ""Bed and Breakfasting" ("B&B")
>
> The B&B matching rule (Section 106A(5) TCGA) takes second priority after
the
> same day rule, but before other matching rules. It matches disposals with
> acquisitions of securities of the same class "within the period of 30 days
> after the disposal". If there is more than one acquisition in this period
> you take the earliest acquisitions first."
>
> But what it doesn't define is what it means by "the same class".  So it
> doesn't define whether selling FTSE 350 Unit trusts one day and
repurchasing
> FTSE 250 unit trusts the same day is clearly within or outside the
> definition of "same class".
>
> Any ideas where this may be clarified please?
>
>
>
> K
>
>
>
>
>
> "Doug Ramage"  wrote in message
> news:c27uok$1porpc$1@ID-34015.news.uni-berlin.de...
> > Have a look at a section 106A TCGA 1992 for the relevant
"identification"
> > rules.
> > --
> > Doug Ramage
> >
> > "Kathy Burke"  wrote in message
> > news:p8K1c.17388$Y%6.1583007@wards.force9.net...
> > > Thanks Terry.
> > >
> > > Any idea where these rules are laid out please?
> > >
> > > Ta.
> > >
> > >
> > >
> > >
> > > "Terry Harper"  wrote in message
> > > news:c27fjv$lac$2@hercules.btinternet.com...
> > > > "Kathy Burke"  wrote in message
> > > > news:G5G1c.17314$Y%6.1577450@wards.force9.net...
> > > > > I'm disposing of some unit trusts to realise a capital gain this
> year.
> > > > The
> > > > > gain will be below the annual limit.
> > > > >
> > > > > In an ideal world I'd like to repurchase the same units - which I
> > cannot
> > > > of
> > > > > course!
> > > > >
> > > > > I'm uncertain what I am allowed to rebuy "early next year" to
avoid
> > > > falling
> > > > > foul of the CGT rules.  The units are in a UK FTSE all share
> tracker.
> > > Can
> > > > I
> > > > > for example purchase shares in a FTSE 100 tracker offered by the
> same
> > > > > company?  Are there any easy to understand guideleines?  I can't
> find
> > > any
> > > >
> > > > You can buy them back inside an ISA, if you have enough allowance
> > > available
> > > > between this year and next year. You can switch immediately into
> another
> > > > fund from the same or a different stable. The only thing you can't
do
> is
> > > buy
> > > > back the same units within 30 days.
> > > > --
> > > > Terry Harper
> > > > http://www.terry.harper.btinternet.co.uk/
> > > >
> > >
> > >
> >
> >
>
>