From: Daytona 
Newsgroups: uk.finance
Subject: Re: Stocks ISA
Date: Sun, 04 Feb 2007 14:14:10 +0000

On Sun, 4 Feb 2007 12:21:52 +0000, GSV Three Minds in a Can
 wrote:

>This (sale and repurchase) will of course crystallise any capital gain 
>(or loss), which is the idea.

and incur dealing charges from £7-30, spread (difference between
buying and selling price 0.1-2%, and stamp duty on repurchase of 0.5%

Basically most people shares are held by a nominee on your (the
beneficiary) behalf. Each company uses their own nominee, prompting
the sale and repurchase.

Daytona