Tuesday, 25 May 2010

Tax shenanigans

Today I've been twisting and turning like a twisty-turny thing to avoid paying capital gains tax when I move to Norway.  Overall I've basically sold SLXX and raised my stake in Tesco, British American Tobacco and Diageo.  In the process I've crystallised all my capital gains in all 4 stocks (by moving things in and out of ISAs).

Tesco, British American Tobacco and Diageo are now each 6.4% of my portfolio, up from 4.1%, 4.5% and 5.5% respectively.  SLXX was 5.1% of my portfolio.  There has been no overall change in my portfolio size.

I still have 3 capital gains that I need to crystallize:
  • Berkshire Hathaway
  • iShares Emerging Markets
  • iShares Asia/Pacific Dividend
My gains in NWBD and LLPC are significant, but the bid/ask spread in these shares is large enough that it is not worth selling and rebuying them.

No comments: