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Capital Gains on Index Funds
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Yes, record every single one as you purchase themalongtimetogoyet said:Presumably I'd need to be recording this regularly given that I'm investing monthly as the unit prices will always be different.It'll most likely be an Acc so will also keep a cumulative note of the Dividends to deduct at time of sale. Will I need to bear in mind the annual total for the dividends as will this be subject to a tax on dividends?Yes. Acc or Inc the dividends are taxable. You will get an annual Consolidated Tax Certificate that you can use for dividend declarationsOr is it exempt if I am choosing to reinvest them?If you use Acc units there will be nothing to reinvestInc units are much easier if held unwrapped3
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