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Imagine you sell 10,000 shares of XYZ corp and buy them back in a couple of weeks. Under the 30 day CGT rule, I know that the sell should be matched with the subsequent buy (preventing naughty taxpayers from making use of their CGT allowances).
Question : what happens if there's a share reorganisation between the sell and the buy ? Suppose for example that there's a 5:1 share split. On paper, I sold 10,000 shares (pre-split) and then bought back 2,000 (post split). How do the B&B rules cope with this scenario ?
I have some ideas about how to deal with this situation, but I've been looking in vain for an actual worked example. HMRC's rules are disappointingly vague on this question. Has anyone had experience of this sort of thing ?