FYI - Wash Sale & "Bed & Breakfast" taxation differences

The US won't let you sell and buy back a stock in order to take a loss, which they call a "wash sale". The UK has more stringent requirements, where you can't sell and buy back a stock even if you make a profit. I wasn't aware of this, and nearly got caught out.

You can sell and buy something similar, such as sell Vanguard SP500 (VOO) and buy Vanguard Total Stock Market (VTI).

Most annoying.

https://www.investopedia.com/terms/w/washsale.asp
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg51560#IDATR33F

Thanks for the heads-up.