Site access
Recommendations 
Q&A forum 
Events
Taxing thoughts
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.
Advertisement
More Q&A forum
Ask 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
- Stopping the losses 13 September 2008 [0 comments]
- Repayment dilemma 6 September 2008 [0 comments]
- Suspended animation 22 August 2008 [0 comments]
- Disappearing trust 15 August 2008 [0 comments]
- The limitations of nominees 8 August 2008 [0 comments]
More Q&A forum
Recommendations
Investors' blog
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.
Riding the foreign exchange rollercoaster
16 October 2008 [0 comments]Betsy Walters, global director of dbFX, takes a look at the impact the recent financial turmoil has had on foreign exchange trading.
European sector review
16 October 2008 [0 comments]Henk Potts warns investors that power utilities are not as defensive as they might appear to be
Events
Top 10 Life Funds, 1yr%
| L & G NEPTUNE JAP... | +51.1 | ||
| UBS LIFE OVERSEAS... | +37.9 | ||
| ZURICH INVESCO BO... | +36.6 | ||
| PHOENIX WORLDWIDE... | +34.8 | ||
| CLER MED MANAGED ... | +34.7 | ||
| AXA INTERNATIONAL... | +33.5 | ||
| SKANDIA GARTMORE ... | +30.4 | ||
| SCOT EQ FOREIGN B... | +30.1 | ||
| CANLIFE BLACKROCK... | +28.9 | ||
| ZURICH STG GLOBAL... | +28.5 | ||