Ready for a portfolio shakeup? What to consider before making a move
Many Happy Returns
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What Is Bed and Breakfasting?
In 1998, they implemented the so-called 30-day rule. This means that if you sell an asset and then buy it again within a 30-day period in the UK, it's as if you had never sold it from a tax perspective. But what people sometimes do now is bed hopping - where you sell the asset and then buying a similar but different asset to kind of get around the rules. And that's called bed and breakfasting. Bizarre. I mean, there are lots of like really niche things that you don't have to think about very often in your life. So yeah, professional advice is the key here. If you're in that situation, we've got
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