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cgt question

  1. 68 Posts.
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    Howdy folks,

    If I sell a parcel of shares (within 12 months of buying them) at a profit and re-invest the entire proceeds of the sale into another parcel of shares PRIOR to settlement, does that mean no CGT? i.e. no cash ever hits my bank account.

    Thanks in advance for any responses.

    I've posted here as:
    1. MAK is my main holding and
    2. I've seen someone (can't remember who) post something in relation to this question in the last month or so (I did search the thread but couldn't find it)
    3. I'd love to move my MDXOA holding into MAK but if I have to pay CGT on the MDXOA profits - I'll have a tax problem.

    Cheers to the regular HC posters for MAK for your great info over the last few months.
 
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