Get your free $100,000 CFD trading account today
BuyPennyStocks.com - an unbiased resource dedicated to helping investors interested in penny stocks.
Invest in the Future
Advertise with Shareworld now and profit from our future
Click here for more information
I already have 5000 shares in X company. I buy 1000 shares in same company today. If I sell 1000 shares tomorrow, which shares have I sold?...
Question
I already have 5000 shares in X company. I buy 1000 shares in same company today. If I sell 1000 shares tomorrow, which shares have I sold? - Posted by Annie
Answer
ANSWER 10th January 2012
Hi Annie,
The shares you buy are pooled and the sales are set against that pool. So you buy 5000 then 1000 and you have a pool of 6000 shares at the average cost price per share. There are other rules for CGT when you sell and buy back shares. Firstly trades that are dealt on the same day are matched. Then sales that are bought back within 30 days are matched (to prevent bed & breakfast). Then any other sales are matched against the pool.
Have you Joined our Investment Forum?
The moderator of our Question and Answer service is an active member in our investment forum and gets involved with discussions in much greater depth. If your not already a member, you can join here, its completely free and it takes a couple of minutes to register.
Add A Comment