Briefly: B&B with a difference

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The Independent Online
THE Share Centre is offering a bed-and-breakfast service with a difference.

Instead of having to sell shares one day and buy them back the next in order to establish a new buying price for tax purposes, to make full use of annual capital gains tax allowance (currently pounds 5,800), The Share Centre will now switch holdings from an individual's own name into a nominee share or into a personal equity plan account with The Share Centre. This means that there is no exposure to share price movements.

The service is open until 16 April - beyond the end of the current tax year. There is a minimum charge of pounds 10 for FT-SE and privatisation shares and pounds 12.50 for other shares.

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