I've been doing a little research into the tax treatment of ETF's and I've read up on the threads here. As it would seem is the case with most people here, I came away from this nonethewiser, or at least with no definitive answer anyway. That leads me to this question, how come investment professionals, wealth managers etc., can access US based ETF's and be so certain that they are treated with CGT, are they just chancing their arm by telling us that they will be treated as CGT because it suits them from a business perspective to interpret the law that way?
To add context, I have a wealth manager managing funds on my behalf, there are a couple of ETF's in the portfolio and he assures me they will treated CGT. There are also professionals on here who have said the same thing. So how is it that they are so sure because it's certainly not a clear cut case from the research I've done.
If anyone can shed some light on this I'd appreciate it.
P.S. I understand you need to be a professional investor to access US based ETF's.
To add context, I have a wealth manager managing funds on my behalf, there are a couple of ETF's in the portfolio and he assures me they will treated CGT. There are also professionals on here who have said the same thing. So how is it that they are so sure because it's certainly not a clear cut case from the research I've done.
If anyone can shed some light on this I'd appreciate it.
P.S. I understand you need to be a professional investor to access US based ETF's.