We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Dividend Accumulating Funds
prudryden
Posts: 2,075 Forumite
in Cutting tax
What is the tax treatment of Dividend Accumulating Funds e.g. Goldman Sachs Sterling Reserve Fund? These funds credit interest as dividends on a daily basis to the price of the fund. E.G. You buy on day one at a price of £1000/unit - you subsequently sell at a price of £1050/unit on day xxxx. The £50 difference in price/unit is the accumulating dividend/interest credited on a daily basis. Is this treated as income or as capital gain?
Many thanks for any help.
Many thanks for any help.
FREEDOM IS NOT FREE
0
Comments
-
As far as i know dividends will be treated as income as long as you hold the fund. Once sold it may then be liable to capital gains tax.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards