R RugbyBoy Registered User Messages 146 22 Mar 2006 #1 I want to buy some unit trusts through a UK discount broker who I already have an account set up with. I am now resident in Ireland and I am trying to figure out what my cgt liability would be. I only intend to buy accumalation units.
I want to buy some unit trusts through a UK discount broker who I already have an account set up with. I am now resident in Ireland and I am trying to figure out what my cgt liability would be. I only intend to buy accumalation units.
J jpd Registered User Messages 3,909 23 Mar 2006 #2 Any gains made on encashment will be taxed at 23% on a self-assessment basis. Gains are calculated on a first-in, first out basis.
Any gains made on encashment will be taxed at 23% on a self-assessment basis. Gains are calculated on a first-in, first out basis.
R RugbyBoy Registered User Messages 146 23 Mar 2006 #3 jpd said: Any gains made on encashment will be taxed at 23% on a self-assessment basis. Gains are calculated on a first-in, first out basis. Click to expand... Are there implication if I do a switch from fund A to Fund B within my portfolio i.e. ? TIA
jpd said: Any gains made on encashment will be taxed at 23% on a self-assessment basis. Gains are calculated on a first-in, first out basis. Click to expand... Are there implication if I do a switch from fund A to Fund B within my portfolio i.e. ? TIA
C CCOVICH Registered User Messages 8,826 23 Mar 2006 #5 Switching doesn't qualify as encashment, so I would assume that there is no tax liability (no gain/loss made).
Switching doesn't qualify as encashment, so I would assume that there is no tax liability (no gain/loss made).
C CCOVICH Registered User Messages 8,826 23 Mar 2006 #6 You may want to see if any of the information in this thread is relevent to your query.