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A wash sale is a sale of a security at a loss and repurchasing the same or substantially identical stock shortly before or after with the intention of realizing the loss as a claimable tax deduction but still reaping gains if the security's price recovers.
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Is there a wash sale rule in the UK?
I've heard a lot about wash sales recently from YouTube videos by Americans. I don't know about, and can't seem to find any info on, wash trading in the U.K. (I'm not sure if what I'm about to refer t …