Thanks for the correction. This means that from a tax perspective it is actually better to invest in Gold ETC given that I can enjoy the 1270 euros exemptionGold whether physical or traded on an exchange is not subject to exit tax or deemed disposal. It is very likely your ETF is actually an ETC (commodity) and subject to CGT.
Could you elaborate why you wouldn't advise someone to invest in Gold? Since the beginning of the year its returns are next to none beating even the SP500. Also from a tax perspective, it is much better.Exchange traded gold products are actually debt instruments that fall under the normal income tax/CGT regime.
I wouldn’t advise anybody to “invest” a material proportion of their net wealth in a shiny rock.
The tax situation on Gold ETCs is better than ETFs. That doesn't mean Gold ETCs are better investments than ETFs.This means that from a tax perspective it is actually better to invest in Gold ETC given that I can enjoy the 1270 euros exemption
Because over the long-term the return on gold has been very unimpressive.Could you elaborate why you wouldn't advise someone to invest in Gold?
Because over the long-term the return on gold has been very unimpressive.
The return over any 9-month period is irrelevant to a long-term investor.
Just to correct this, Exit Tax is offset against CAT in the case of death so the net effect is the same as stocks in most cases.ETF gains are not exempt from tax on death, compared to stocks which are exempt from CGT, so less money to your estate in case of ETFs.
The query specifically asks if it should be in VWCE which is a global equity ETF tracking the FTSE All-World index.The query in this thread seems to be along the lines of whether cash should be on deposit or in an ETF. But what kind of ETF?
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