Hi MarcUnfortunately each time you make a purchase of a UCITs ETF its treated as a distinct investment even if it is in the same "fund"
So you will have to pay tax on your gains even if some of your investments are showing a loss
The Sunday Business Post has a supplement on fund investing this weekend which I was asked to contribute to.
Just a thought but who would be willing to sign a petition to lobby to get this crazy situation changed?
Does the feedback username123 got from from the revenue contradict this? They said:
You do not need to complete a Form 11 on each occasion that you receive a payment or have a deemed disposal, rather you will total all payments and/or all gains for the year of assessment and enter the relevant details at (a) – (f) of line 319 of Form 11 and submit the return and payment in the October following the year of assessment. See page 1 of Form 11 for further details in relation to filing/payment dates.
If, say, you commence purchasing ETFs on a monthly basis in June 2015, by the end of 2015 you will have 7 different ETFs. If you hold these investments for 8 years, you will return the total of the deemed disposals of the 7 ETFs on the various dates in 2023 in you tax return in 2024. And so on for subsequent purchases.