When can I buy back shares?


How long do you have to wait to buy back shares after making a tax loss? KF, London

Anthony Newgrosh at accountant Numerica replies: Under anti-avoidance provisions introduced a number of years ago, the shares must not be bought back within 30 days so as to ensure that the tax loss can be claimed.

It should also be remembered that the shares must not be sold to a connected party, otherwise any such loss arising (computed on the basis that the shares are sold at their market value) will only be available for off-set against capital gains arising on disposals to the same person.