I've not been very successful researching this on the Revenue.ie website, perhaps I'm just not looking in the right places.
I have two questions really:
1) At disposal, gains/losses are treated as per CGT as opposed to income tax like in ETF's - correct ?
2) Losses can be offset against gains - not sure about this, can i set a loss from last year (assuming the loss was realised on sale of a CEF) against a gain this year, is there a time limit?
3) Deemed disposal, same rules apply as for shares?
Anything else I should be concerned/need to know about when buying CEF's in particular from a taxation perspective?
Many thanks for any advice anyone can give.
I have two questions really:
1) At disposal, gains/losses are treated as per CGT as opposed to income tax like in ETF's - correct ?
2) Losses can be offset against gains - not sure about this, can i set a loss from last year (assuming the loss was realised on sale of a CEF) against a gain this year, is there a time limit?
3) Deemed disposal, same rules apply as for shares?
Anything else I should be concerned/need to know about when buying CEF's in particular from a taxation perspective?
Many thanks for any advice anyone can give.