I have some shares and crypto which have increased in value. Does it make sense to sell it whilst under the £12,300 allowance and rebuy in the new financial year?
My logic is if I sell and make £10,000 profit I pay no CGT. Then rebuy in the new financial year and hopefully make £10,000 next year and sell again with no CGT. Whereas if I keep it for 2 years and make £20,000 profit, £7,700 will be taxable.
And capital gains is not income so it wouldn't affect child benefit right?
My logic is if I sell and make £10,000 profit I pay no CGT. Then rebuy in the new financial year and hopefully make £10,000 next year and sell again with no CGT. Whereas if I keep it for 2 years and make £20,000 profit, £7,700 will be taxable.
And capital gains is not income so it wouldn't affect child benefit right?
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