S shelley levine Registered User Messages 23 6 Jun 2019 #1 Is there any fund I can invest in where annual returns are taxed as income rather than liable for exit tax? Or would I have to buy equities directly?
Is there any fund I can invest in where annual returns are taxed as income rather than liable for exit tax? Or would I have to buy equities directly?
J jpd Registered User Messages 3,886 6 Jun 2019 #2 To the best of my knowledge, it is now more or less impossible to invest in a fund and avoid Exit Tax. UK investment trusts can be used, as these are treated as equities and not funds Dividend income from equities is taxed as income but capital gains are taxed as CGT
To the best of my knowledge, it is now more or less impossible to invest in a fund and avoid Exit Tax. UK investment trusts can be used, as these are treated as equities and not funds Dividend income from equities is taxed as income but capital gains are taxed as CGT