Hi, Wanted some help understanding the tax calcs on buying and selling.
Say you buy 50,000 shares in a company, you then later buy another 50,000 shares in the same company.
After owning these for a few months, you sell 50,000 shares.
Which set of shares does that sell come from?
If the first, then you lose the CGT discount on the oldest owned shares.
If the latter, then you keep the CGT discount on the oldest owned shares.
Say you then sell the remaining 50,000 shares more than 12 months after the first bought group, do you get CGT discount?
Any thoughts? I've emailed my accountant but it's Friday and I really want to know
Many thanks
