Accumulation in a Trading Account

stphnstevey

I accidentally purchased an accumulation share (ISHARES VII PLC ISHARES NASDAQ 100 UCITS ETF USD (CNX1)) through my trading account. I normally only purchase distribution shares in my trading account so I can account for the dividends.

How much of a headache is this going to be to work out the dividends paid inside the ETF?

ColdIron

You should receive an annual tax certificate detailing dividend payments. You ought to be using this as a matter of course for your distribution shares as it is an authoritative document accepted by HMRC

tg99

As this is a foreign domiciled fund then you’ll also need to check the manager’s own Reportable Income report for excess reportable income (i.e. income in excess of the dividend deemed to have been distributed or accumulated) since this figure will not be included on the tax certificate.