Brendan Burgess
Founder
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In preparing this post:
I read the long thread on the Revenue eBrief.
What is the conclusion?
1) The tax treatment of each ETF must be assessed separately.
2) This will be an expensive process
3) If you hold an ETF after 1 January 2022, assume it is going to be taxed under the gross roll-up regime
4) Without professional tax advice, you may well make a tax error with all the consequences of that. Even with tax advice, the situation is not clear enough, for definitive advice, so it's still risky.
5) Therefore, if you want a collective investment, you might as well invest through a unit-linked fund.
6) UK Investment Trusts are treated like shares so if you want to be in the CGT regime, invest in them.
Brendan
Key Post - The different ways for investing directly in the stock market
This thread is for someone who has decided to invest directly in the stock market. It is not to discuss the wisdom of investing. It is not to discuss investing via a pension fund I want to describe the different methods, explain how to invest , explain the taxation and set out the pros and...
www.askaboutmoney.com
I read the long thread on the Revenue eBrief.
What is the conclusion?
1) The tax treatment of each ETF must be assessed separately.
2) This will be an expensive process
3) If you hold an ETF after 1 January 2022, assume it is going to be taxed under the gross roll-up regime
4) Without professional tax advice, you may well make a tax error with all the consequences of that. Even with tax advice, the situation is not clear enough, for definitive advice, so it's still risky.
5) Therefore, if you want a collective investment, you might as well invest through a unit-linked fund.
6) UK Investment Trusts are treated like shares so if you want to be in the CGT regime, invest in them.
Brendan
