N
Well it's not quite that simple - it depends on how much the investment has lost. For the sake of argument, lets say the fund is now worth 50% of what was originally invested. If you cash out now and buy corresponding ETFs and your investment subsequently recovers the loss, you will have to pay 23% tax on the value of the recovery. If you leave your investment with Quinn and it recovers, you will have no tax liability.The analysis doesn't take into account that if a loss is made on the ETF no tax is paid while you'll still pay the full 1.5% on the Quinn fund no matter what happens.
Why botherwaiting for the fund to return to the level at which you invested in it. I'd dump it now and switch to ETFs
Good point.
Does anyone know if you can write off losses in the Quinn Fund against gains in a subsequent ETF investment?
Hi,
Just noticed something wrong with my calculation.
On the DB-X Tracker....
this should read as follows.
DBX cashed in after 5 years 56104.24
6104.24 Profit
1270.00 Annual Exemption
---------
4834.24 x 25% Capital Gains Tax = 1208.56
4834.24
1208.56
----------
3625.78
1270.00 Exemption added back in.
----------
4895.78
Total
54895.78
So for me the ETF works out even better.
Regards
National
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