Acquisition date for B&B share transactions?

[Guest]

Acquisition date for B&B share transactions?

When one executes a B&B ("bed and breakfast") transaction (sell and buy back immediately) on some shares for the purposes of repricing them to reduce the eventual CGT liability at disposal, is the acquisition date for CGT purposes the date of the B&B or the original acquisition date? I presume it's the former but am having trouble getting confirmation on this. Thanks.

 

[c1966]

If it is done properly the base cost should be the b&b buyback date. Make sure that the four week rule is observed. If the shares are quoted you can probably do this through a stockbroker though you will probably get hit for stamp duty of 1% if the shares are Irish.