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Tax loss harvesting and buying the same stock in a different exchange

Fol20 · 2022-03-04 18:38:26

Hey guys. Let’s say I own Vodafone in the U.K. stock exchange. I buy 1000e worth and it’s now worth 500e. Could I then sell my U.K. shares and buy the Vodafone adr in the American stock exchange on the same day and declare a loss against my U.K. loss. Would revenue see through what I’m trying to do with a transaction such…

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04-03-2022 7:38pm

#1

Fol20

Registered Users Posts: 3,623 ✭✭✭

Join Date: August 2006

Posts: 3250

Hey guys. Let’s say I own Vodafone in the U.K. stock exchange. I buy 1000e worth and it’s now worth 500e. Could I then sell my U.K. shares and buy the Vodafone adr in the American stock exchange on the same day and declare a loss against my U.K. loss. Would revenue see through what I’m trying to do with a transaction such as this?

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