Investment Funds Sold As Shares & Offsetting Bank Share Losses

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taytoman

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I have made substantial capital losses on shares in AIB. I do not want to put more money into individual shares, but would like to put say 20K into pooled investment products that are sold as shares. I am not referring to ETFs, as they are no use for offsetting capital losses, but less well known products such as RIT Partners plc (Rostchschild Investment Trust), quoted on the FTSE 250, or similar products.

Q: Am I correct in believing that these investment trusts sold as shares are off settable against Irish bank share losses for CGT purposes, and does anyone have an opinion on these kind of products? There is very little mention of them in the financial media, and only v occasional mention of them on this forum.
 
Yes that is correct

Investment trusts are shares listed on an exchange and so are subject to cgt rather than exit tax.

As you point out these are rarely mentioned since they do not pay commission most advisers ignore them.

As a fee only adviser we always consider an investor with significant cgt losses should include an allocation to investment trusts to their portfolio.
 
Sorry, are there any investment trusts sold has shares that are aimed at eurozone investers, that reduce the currency risk?

I am aware of Berkshire Hathaway (dollar denominated and mostly in US Shares) and also RIT Investment Partners(sterling denominated, presumably uk share orientated?)
 
This is a specialist field of investing and not something that can be covered here due to the complexities of matching a suitable fund to a particular investor

Issues to consider include gearing, premiums and discounts, currency , spreads and liquidity , splits, warrants the list goes on and on
 
Investment Trust Shares & Dividend Reinvestment

I have a query re dividends from investment trust shares. Some Investment Trusts allow re-investment of dividends (accumulating), ?which is more efficient tax wise. Question; Are such dividends that are not paid out still taxable, like "scrip" shares in conventional individual company shares?
 
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