Subscribers iconSite access
Newsletter signup

home subscribe

Community Q&A forum

Print
Email
Text size
Comment

Taxing thoughts

Answered by Andrew Merricks
13 September 2007 [0 comments]

Q: 

I am interested in investing in exchange traded funds (ETFs) and holding them within an ISA wrapper. As the funds that I am considering seem to be based in Dublin, what is my position regarding income tax? Do I need to enter details of these funds on my income tax form if I hold them within an ISA wrapper?

Brian Peters, Carlisle

A: 

The funds you are referring to are listed on an EU exchange, so within an ISA you have no further income tax or capital gains tax to pay. Also remember that anything held within an ISA does not need to be mentioned on your tax return form.

However, if you are considering investing in ETFs, you need to satisfy yourself of the role of a passive fund in your portfolio. Remember that you will not have active management with an ETF, and although there are times in the investment cycle when this can be advantageous, there are other times when it will not be.

There are currently no comments on this post.

 
Other questions answered by Andrew Merricks

Advertisement

Q&A  More Q&A forumspacerQ&AAsk a question

Sector confusion

27 September 2008 [0 comments]

Q: 

Could you please advise me where you are now placing Jupiter Emerging European Opportunities in the monthly tables of Unit Trust Performance.
It seems to have disappeared!

Christopher Chalker,
Via e-mail

 
 

Recommendations Recommendations

 

Q&A Investors' blog

The money doctor

24 October 2008 [0 comments]

Andrew Merricks urges investors to take greater control of their pension investments

Terms of encouragement

22 October 2008 [0 comments]

Keiron Root suggests that modern investment bankers take note of the fate of an 18th century admiral

Defensive manoeuvres

21 October 2008 [0 comments]

It may take some work, but a consistent stop-loss policy will underpin an investment club’s returns. Terry Bond explains.

 
 

Q&A Events

 
moreQuoted Company Awards
28th January London
moreM&A Awards 2009
18th February London