RetireJapan

Just a quick question:

I've recently opened a NISA account with Matsui Shoken. I already have a number of S&P 500 shares in a non-NISA account with them (特定口座).

Does anybody know if it would be worth selling those shares now (for a marginal profit) and then using the money to buy them again within my NISA account? Capital Gains tax is 20%, I believe, and as I only have a few I'm wondering whether it's worth the minor hassle of selling and repurchasing or not.

I asked Mastui (perhaps naively) about transferring them but they said it wasn't possible.

Thanks in advance.

Probably depends

Do you have enough money to max out your NISA account without selling the shares? If so I would be inclined to do that instead. If not, you have to consider whether the tax saving on dividends/capital gains is going to be worth paying capital gains now.

It's only about ¥100,000 worth of shares so I suppose it'll be best to just leave them as they are.

I've thought about that too. Or selling an etf when it's on a high with the plan on rebuying it in a few days when it drops on the next North Korea threat.