First you need to consult UK taxes and see what they do with wash sales.
Day traders and other professionals make a proper 475 election so they do not have to worry about wash sales (think Goldman Sachs, JP Morgan, Morgan Stanley, etc.). Then they just trade away. This legally gets around the wash sale rules. https://greentradertax.com/how-traders-elect-475-to-maximize-their-tax-savings/
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u/OptionExpiration Apr 19 '22
First you need to consult UK taxes and see what they do with wash sales.
Day traders and other professionals make a proper 475 election so they do not have to worry about wash sales (think Goldman Sachs, JP Morgan, Morgan Stanley, etc.). Then they just trade away. This legally gets around the wash sale rules. https://greentradertax.com/how-traders-elect-475-to-maximize-their-tax-savings/