I am finally going to take the plunge and invest in an etf fund. Or am I ??? The only thing holding me back is my lack of clarity on the taxation issue. I have read the threads in this forum but was wondering if anybody has any update in the tax issues as follows:
- tax in dividends --- what is the tax rate? And what if the etf is an accumulating one that does not distribute dividends?
- cgt or is it exit tax which applies? And at what rate? Can losses in 1 etf be written off against a gain in another etf?
- does the 8 year rule apply?
- are there different rules for the above depending on where the etf is domiciled? So where should the etf be domiciled for best tax efficiency?
I would appreciate it greatly if you could advise as I cannot wait to get a move on. Thanks.
- tax in dividends --- what is the tax rate? And what if the etf is an accumulating one that does not distribute dividends?
- cgt or is it exit tax which applies? And at what rate? Can losses in 1 etf be written off against a gain in another etf?
- does the 8 year rule apply?
- are there different rules for the above depending on where the etf is domiciled? So where should the etf be domiciled for best tax efficiency?
I would appreciate it greatly if you could advise as I cannot wait to get a move on. Thanks.