Thanks, yeah that is what I think too but was on Reddit earlier and most dont believe that to be the case, probably because it's so hard to believe you may have to pay tax even with an overall losing position !Not in my opinion - each purchase is treated as an individual investment and the gains and losses calculated separately
However, it is possible to use an average cost when calculating the gains or losses, so I suppose it might be possible to offset some of the losses
Are we talking about a real life example or are you just musing about future purchases and sales?
Ah, Reddit. Why didn’t you say? I get all of my tax and legal advice there. It’s like an online version of KPMG.Thanks, yeah that is what I think too but was on Reddit earlier and most dont believe that to be the case, probably because it's so hard to believe you may have to pay tax even with an overall losing position !
I see your name on lots of aam etf posts, do you invest in them ?
Lol yeah I know, it's good to get multiple opinions thoughAh, Reddit. Why didn’t you say? I get all of my tax and legal advice there. It’s like an online version of KPMG.
Not sure if that answers my questionAverage cost method gives you the answer you want.
Using average cost gives the same result as offsetting gains & losses.Not sure if that answers my question
But if it's not allowed by revenue ?Using average cost gives the same result as offsetting gains & losses.
That the ability to use the average cost on the way in gets you to the same place.Lol yeah I know, it's good to get multiple opinions though
What's your opinion
Isn't it a negative for the investor ?That the ability to use the average cost on the way in gets you to the same place.
Which is allowed by Revenue.
How so?Isn't it a negative for the investor ?
Don't know, just asking. Looks like a lot of work doing the calculationsHow so?
Ah, not really. Plus, wherever you’re buying it should be able to tell you the answer at the push of a button.Don't know, just asking. Looks like a lot of work doing the calculations
So you would recommend ETFs over investment trusts ?Ah, not really. Plus, wherever you’re buying it should be able to tell you the answer at the push of a button.
Musing, can't decide on whether to do monthly investments in etf or investment trustNot in my opinion - each purchase is treated as an individual investment and the gains and losses calculated separately
However, it is possible to use an average cost when calculating the gains or losses, so I suppose it might be possible to offset some of the losses
Are we talking about a real life example or are you just musing about future purchases and sales?
How do you draw that conclusion?So you would recommend ETFs over investment trusts ?
It's not a conclusion, it's a question.How do you draw that conclusion?
Somewhat discussed in your other thread a few weeks ago:It's not a conclusion, it's a question.