P PaulWa Registered User Messages 8 8 Nov 2022 #1 I have a CGT gain on sale of a UK Unit Trust (Fidelity). Can I offset losses forward from disposal of Irish shares?
I have a CGT gain on sale of a UK Unit Trust (Fidelity). Can I offset losses forward from disposal of Irish shares?
A AJAM Registered User Messages 487 10 Nov 2022 #2 Yes, Investment Trusts are treated just like shares.
M Marc Registered User Messages 1,942 10 Nov 2022 #3 PaulWa said: I have a CGT gain on sale of a UK Unit Trust (Fidelity). Can I offset losses forward from disposal of Irish shares? Click to expand... Probably not. Its most likely an OEIC which would have previously been a UCITS fund
PaulWa said: I have a CGT gain on sale of a UK Unit Trust (Fidelity). Can I offset losses forward from disposal of Irish shares? Click to expand... Probably not. Its most likely an OEIC which would have previously been a UCITS fund
S Sarenco Registered User Messages 8,305 15 Nov 2022 #5 Marc said: Its most likely an OEIC which would have previously been a UCITS fund Click to expand... Sorry Marc but that’s complete nonsense. An OEIC is an “open-ended investment company” - the UK equivalent of our Part XIII investment companies. A unit trust isn’t a company so it can’t be an OEIC.
Marc said: Its most likely an OEIC which would have previously been a UCITS fund Click to expand... Sorry Marc but that’s complete nonsense. An OEIC is an “open-ended investment company” - the UK equivalent of our Part XIII investment companies. A unit trust isn’t a company so it can’t be an OEIC.
C Corola Registered User Messages 551 5 Jan 2023 #6 AJAM said: Yes, Investment Trusts are treated just like shares. Click to expand... A unit trust is not an investment trust. Unit trusts are mutual funds: CGT doesn't apply, it's 41% exit tax. No offsetting gains with losses from shares. Last edited: 5 Jan 2023
AJAM said: Yes, Investment Trusts are treated just like shares. Click to expand... A unit trust is not an investment trust. Unit trusts are mutual funds: CGT doesn't apply, it's 41% exit tax. No offsetting gains with losses from shares.
C ClubMan Registered User Messages 52,762 5 Jan 2023 #7 Coronet said: A unit trust is not an investment trust. Unit trusts are mutual funds: CGT doesn't apply, it's 41% exit tax. No offsetting gains with losses from shares. Click to expand... And deemed disposal every 8 years, or not?
Coronet said: A unit trust is not an investment trust. Unit trusts are mutual funds: CGT doesn't apply, it's 41% exit tax. No offsetting gains with losses from shares. Click to expand... And deemed disposal every 8 years, or not?
C Corola Registered User Messages 551 5 Jan 2023 #8 Since it's a UK unit trust, offshore fund rules apply: 41% on gains and income, with a deemed disposal every 8 years. Whereas the popular opinion on forums is that a UK investment trust is not a material interest in an offshore fund and that those rules don't apply. Last edited: 6 Jan 2023
Since it's a UK unit trust, offshore fund rules apply: 41% on gains and income, with a deemed disposal every 8 years. Whereas the popular opinion on forums is that a UK investment trust is not a material interest in an offshore fund and that those rules don't apply.