I have recently retired (over 65) and have a relatively small (300k), long held portfolio of quality stocks that currently have a very high percentage of capital gains. I would like to progressively realise those capital gains without triggering a tax liability so that if I choose I can quickly liquidate the lot without exceeding by tax free threshold. My plan is to realise those gains up to my tax free threshold each year and reinvest the proceeds, possibly back into the same stocks.
I understand that washing losses is not allowed, but washing profits??? Comments.
