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Best way to profit take?

BSPOKE20 · 2014-01-17 20:08:36

I'm trying to get my head around a few scenarios on profit taking...maybe someone might throw in their tuppence; 1. Is there any point in selling shares to take the gain and then buy back the same shares at the higher price? (Bar taking account of the CGT€1270 annual exemption if you want to keep the shares long term.) 2.…

17-01-2014 8:08pm

#1

BSPOKE20

Registered Users, Registered Users 2 Posts: 108 ✭✭

Join Date: October 2007

Posts: 37

I'm trying to get my head around a few scenarios on profit taking...maybe someone might throw in their tuppence;

1. Is there any point in selling shares to take the gain and then buy back the same shares at the higher price? (Bar taking account of the CGT€1270 annual exemption if you want to keep the shares long term.)

2. I'm currently thinking of selling shares annually when the materialised gain reaches just under the CGT exemption so as not to be hit with 30% tax. As I feel there is a "tipping point" where the tax is taking so much of the profit that a slow withdrawal using the annual exemption makes more sense...?

3. Any other advice you might have on the topic...

Thank you

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