cooleyirl
Registered User
- Messages
- 4
Hello,
I am a long time reader of this site. As I cannot find the answer either on this site or elsewhere I decided to register to ask. Any help is appreciated.
I invested some money this year in Fundsmith (The GBP UK domiciled version) and separately in the the Fundsmith SICAV (Euro Luxembourg domiciled).
I am curious to know how these will be treated for tax. My understanding is that I will have to pay 40% tax on both when I sell them or after 8 years. Is this correct? Someone I know seems to think they are subject to Capital Gains Tax (33%) which I do not believe is the case. When the UK leaves the EU on 01 Jan 2021 will the tax treatment of Fundsmith (UK domiciled) change?
I am looking at investing some other money in Fundsmith's other product Smithson? Am I correct that this is subject to Capital Gains tax at 33% as it is an investment trust?
Thanks in advance.
I am a long time reader of this site. As I cannot find the answer either on this site or elsewhere I decided to register to ask. Any help is appreciated.
I invested some money this year in Fundsmith (The GBP UK domiciled version) and separately in the the Fundsmith SICAV (Euro Luxembourg domiciled).
I am curious to know how these will be treated for tax. My understanding is that I will have to pay 40% tax on both when I sell them or after 8 years. Is this correct? Someone I know seems to think they are subject to Capital Gains Tax (33%) which I do not believe is the case. When the UK leaves the EU on 01 Jan 2021 will the tax treatment of Fundsmith (UK domiciled) change?
I am looking at investing some other money in Fundsmith's other product Smithson? Am I correct that this is subject to Capital Gains tax at 33% as it is an investment trust?
Thanks in advance.