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FIF question: Selling shares to stay under threshold?
My understanding of the FIF threshold is that the total cost of foreign investments has to be 50k or less to not be taxed.
So lets say I want to keep my threshold under so I purchase 50k of foreign share A. One year later I decide I want to reduce my position in share A and purchase new foreign share B.
Am I able to stay under the threshold by selling 25k of share A and purchasing 25k of share B?
What if the total value of share A is now 100k, can I still do the same thing and remain under the threshold (sell 25k worth of share A and invest 25k elsewhere)? How about selling 50k worth, would that mean the total cost is 0 so it is no longer counted at all?
Thanks, hopefully I explained that well enough.
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