Capital Gains Tax in Investment Trusts/OEICs?

THENOX

Hello,

I've just read that within Unit Trusts there are no CGT (you generate CGT when you sell units) :mad:. How this works with Investment Trusts and OEIC? -Any CGT within the fund there?

THX,

THE NOX

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CLAPTON

CGT is a tax levied when you realise the gain i.e. when you sell them ... UTs, ITs OEICs (unless protected within an ISA)

THENOX

Yes, but I'm asking about CGT within funds payed by fund itself? I know that Unit Trusts don't pay this but what about Investment Funds and OEICs?

THE NOX

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purch

No there is no CGT within Collective Investment Trusts

Capital Gain Tax is liable when there is a chargable Gain

The situation is different in the U.S.A. when some Gains made within Mutual Funds become chargeable gains for individuals depending on the Tax situation of the holder