I'm very confused too. I thought that I everyone is entitled to make a capital gains of €1270 per year since the supplementary budget in April 2009. But when you work through the Rabodirect example there is no mention of the capital gain exemption.
Other thing is I lost more money than I gained in 2008 but when I print out rabodirects "detailed summary of profit" statement, it lists the profit on the funds where I actually made a loss as "none" surely over all I'm down money and I shouldn't have pay the 28% tax. Am I better off trading my own stocks I know there is a "open source fund" from http://www.marketocracy.com surely the revenu can't define this as a managed fund.
Thanks Ix that explains that. So I guess you should only ever invest in a Rabodirect fund, if your positive its going to increase in value. There are lots of hidden charges. Rabodirect are not as transparent as they would lead consumers to believe. My advice then would be to use Marketocracy to find the high performing stocks. You can set up your own virtual fund on marketocracy. Your fund is forced to be balanced. So you should have a balanced portfolio e.g. 10% high risk 50% stable with divident returns 40% growth potential stocks. You could open an on lie share trading account and replicate a fund with your own money I'm guessing because you own the stock you can write one loss over a gain, and at the end of the year you pay tax at lower rate on the over all profit. Other option is to open a spread betting account. Pay no tax and gamble on the same stocks.
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