Capital Growth funds or ETFs

squirrelpie

NoMore said:

Presumably they are trying to make working out the tax due in a GIA easy. Accumulation funds can be tricky as the re invested dividends are still subject to income tax and therefore have to be tracked.

Ah thanks. I didn't know that about GIAs.

Secret2ndAccount

Bitcoin?    

Pat38493

Secret2ndAccount said:

Bitcoin?    

So you can hold Bitcoin in a GIA and it is only subject to CGT and nothing else?

Secret2ndAccount

You don't need a GIA. Think of a bitcoin as a very small amount of data - a secret code. Several ways to store it. You can look after it yourself - you keep the secret code on a flash drive or a piece of paper. Or you can register a wallet with a reliable service provider and they will store the code for you. 
Your gain is the difference between the buying price and the selling price. No dividends or intermediate calculations. If you bought on multiple occasions at different prices then you would have to understand pooling. In short, you have one average purchase price for all your holding. If you sell part of it, you don't get to choose which bit you sell in order to choose the buying price that best suits you. (That would also be the case if you made multiple purchases of VLS60 or VWRL or ... in your GIA).

There are assets that don't attract CGT at all. Watches, and some coins spring to mind.

Pat38493

Secret2ndAccount said:

You don't need a GIA. Think of a bitcoin as a very small amount of data - a secret code. Several ways to store it. You can look after it yourself - you keep the secret code on a flash drive or a piece of paper. Or you can register a wallet with a reliable service provider and they will store the code for you. 
Your gain is the difference between the buying price and the selling price. No dividends or intermediate calculations. If you bought on multiple occasions at different prices then you would have to understand pooling. In short, you have one average purchase price for all your holding. If you sell part of it, you don't get to choose which bit you sell in order to choose the buying price that best suits you. (That would also be the case if you made multiple purchases of VLS60 or VWRL or ... in your GIA).

There are assets that don't attract CGT at all. Watches, and some coins spring to mind.

On another forum someone is suggesting to purchase shares in Berkshire Hathaway.  Apparently Berkshire Hathaway is a bit similar to a global fund as it owns so many other companies and shares in other companies, and up to now they have never paid any dividends.  As such if you purchase shares in them as a UK taxpayer, you will only be liable to UK capital gains tax and that's all (unless they start paying dividends in future but never has done up to now).

poseidon1

Pat38493 said:

Secret2ndAccount said:

You don't need a GIA. Think of a bitcoin as a very small amount of data - a secret code. Several ways to store it. You can look after it yourself - you keep the secret code on a flash drive or a piece of paper. Or you can register a wallet with a reliable service provider and they will store the code for you. 
Your gain is the difference between the buying price and the selling price. No dividends or intermediate calculations. If you bought on multiple occasions at different prices then you would have to understand pooling. In short, you have one average purchase price for all your holding. If you sell part of it, you don't get to choose which bit you sell in order to choose the buying price that best suits you. (That would also be the case if you made multiple purchases of VLS60 or VWRL or ... in your GIA).

There are assets that don't attract CGT at all. Watches, and some coins spring to mind.

On another forum someone is suggesting to purchase shares in Berkshire Hathaway.  Apparently Berkshire Hathaway is a bit similar to a global fund as it owns so many other companies and shares in other companies, and up to now they have never paid any dividends.  As such if you purchase shares in them as a UK taxpayer, you will only be liable to UK capital gains tax and that's all (unless they start paying dividends in future but never has done up to now).

Berkshire Hathaway has no real similarities to a global fund. It is extremely USA centric with its top 20 US holdings by value representing 80% of the portfolio. See link below.

https://www.techopedia.com/top-25-berkshire-hathaway-holdings

Pat38493

poseidon1 said:

Pat38493 said:

Secret2ndAccount said:

You don't need a GIA. Think of a bitcoin as a very small amount of data - a secret code. Several ways to store it. You can look after it yourself - you keep the secret code on a flash drive or a piece of paper. Or you can register a wallet with a reliable service provider and they will store the code for you. 
Your gain is the difference between the buying price and the selling price. No dividends or intermediate calculations. If you bought on multiple occasions at different prices then you would have to understand pooling. In short, you have one average purchase price for all your holding. If you sell part of it, you don't get to choose which bit you sell in order to choose the buying price that best suits you. (That would also be the case if you made multiple purchases of VLS60 or VWRL or ... in your GIA).

There are assets that don't attract CGT at all. Watches, and some coins spring to mind.

On another forum someone is suggesting to purchase shares in Berkshire Hathaway.  Apparently Berkshire Hathaway is a bit similar to a global fund as it owns so many other companies and shares in other companies, and up to now they have never paid any dividends.  As such if you purchase shares in them as a UK taxpayer, you will only be liable to UK capital gains tax and that's all (unless they start paying dividends in future but never has done up to now).

Berkshire Hathaway has no real similarities to a global fund. It is extremely USA centric with its top 20 US holdings by value representing 80% of the portfolio. See link below.

https://www.techopedia.com/top-25-berkshire-hathaway-holdings

You are right as it has a heavy US bias, although it also seems to hold multinational businesses which it fully owns, so I guess those would not appear in the "top 20 holdings" as they are part of the company itself?

Nevertheless the point is more that this seems to be an investment that is relatively diversified compared to a typical individual share, and is only going to be subject to capital gains tax on sale - no savings interest, no dividends.

It also appears that you can buy partial shares in them on sites like trading212.