Asset:
UK fund (OEIC) bought in 1998
Deemed Disposal Date:
Moved to Ireand from UK 7 years ago so I assume in 1 year.
1. Can you index the cost price like with shares?
2. When the invesment deems, there are no other savings to pay the tax bill, so will the asset have to be sold to pay the tax bill?
Please tell me this is wrong, I can't believe that revenue want to induce the real sale of an investment (at a market low) to pay a tax bill on a theoretical sale?!
thanks
Dor
UK fund (OEIC) bought in 1998
Deemed Disposal Date:
Moved to Ireand from UK 7 years ago so I assume in 1 year.
1. Can you index the cost price like with shares?
2. When the invesment deems, there are no other savings to pay the tax bill, so will the asset have to be sold to pay the tax bill?
Please tell me this is wrong, I can't believe that revenue want to induce the real sale of an investment (at a market low) to pay a tax bill on a theoretical sale?!
thanks
Dor