Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

BED AND BREAKFASTING Definition & Legal Meaning

Definition & Citations:

In the UK markets, the practice of selling COMMON STOCK of a company on one day and repurchasing it the following day in order to establish a gain or loss for tax purposes; bed and breakfasting was outlawed starting in 1997. See also WASH SALE.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.