TAX on UCITS

donalfff

Registered User
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39
hello,

I understand that you are liable to tax @ 41% on profit in year of disposal of UCITS.

Question: my bank has given me a profit statement for 2016 which shows gains, with no reduction for any losses I suffered on one UCITS fund. Does that mean, you cannot offset losses again gains on these funds even if they are with the same institution and disposed in he same tax year?

thanks

donal
 
Does that mean, you cannot offset losses again gains on these funds even if they are with the same institution and disposed in he same tax year?

Yes, unless the funds are both sub-funds of the same "umbrella" (separate portfolios within the same legal entity).
 
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