Tax on Fund Termination Payment

Baillie Gifford unceremoniously closed my "British Smaller Companies Fund" and sent a payment for the closing balance - the "Termination Payment" comprising proceeds and any income.  This was not in an ISA.  Given I did not instruct the sale should the proceeds part of this be treated as a Capital Gain? I have not yet received any more details from BG (such as a tax voucher) - just planning ahead for the rest of the tax year.
I’m a Forum Ambassador and I support the Forum Team on the Credit Cards and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected].
All views are my own and not the official line of MoneySavingExpert.

Comments

Meet your Ambassadors

Categories

  • All Categories
  • 341.8K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 233.9K Work, Benefits & Business
  • 606.1K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards