My general understanding is Funds are 41% and Trusts are 33%.
So Fundsmith taxed at 41% and Smithson taxed at 33%.
The Luxumbourg domiciled Fundsmith SICAV produced a PDF for Ireland based investors;
[broken link removed]
I'm curious as to why you invested in both the UK and Euro funds? The portfolios are almost identical, so presumably it was to spread currency risk?
Do you see anything particularly special in Smithson, or is it just the fact that they follow the Fundsmith philosophy?