heisenberg
Registered User
- Messages
- 20
However, as the markets are now on a downward trend, I have lost about 7% of the value of my investment. I was hoping to stick it out and wait for a recovery, but it's not looking likely at the moment.
If it's a 5 year investment, and you don't need the money, you should probably let it run.
Any gain from today's value back to the original investment value, will be free of tax.
To explain what this means, let's say you invested €10,000 and cash it now and get €9,000. If you invest the €9,000 in shares and they rise in value the rise will be subject to Capital Gains Tax. But if you stay in the fund and it increases to €10,000 it won't be subject to any tax.
Brendan
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