Capital Gains Tax on sale of UK ISA for couple

[Dorian]

Hi
Thanks to all the experts providing information on this forum it's very informative.

My parents, who live in Ireland, sold a UK ISA with an Index trust in it, I realise they need to pay CGT on the gain, but I can't figure out a few things:

a) is the gain taxed at 33% or 40% as a foreign investment?

b) the investment was in mum's name, but was paid for from their joint account, and the proceeds were paid into their joint account.
As they are married and both beneficiaries - can they get 2 x 1,270 allowances or is this considered all mum's gain?

c) can they carry any capital losses from UK to Ireland?

d) can I lend him the money to pay the tax (EUR7-10k I think) without incurring any gift tax liability (would I have to charge interest)?

thanks
D

 

[Marc]

It’s very probable that the underlying investment is a OEIC.

that would be subject to exit tax and not capital gains tax.

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[Dorian]

Thanks Marc

That's unfortunate, so 41% tax and no CGT or equivalent allowance then.

I don't suppose that there is any indexation relief allowed with a Unit Trust as they would receive if it was a share?