Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Toggle FAQ visibility 7IM Funds: How are investments in the 7IM Funds taxed?

April 26, 2017funds investments TAXED toggle Visibility

0

Posted

Toggle FAQ visibility 7IM Funds: How are investments in the 7IM Funds taxed?

1 Answer

0

Posted

Gains will be liable to capital gains tax only when investments are sold. There is no capital gains tax on disposals on underlying investments within the fund. Distributions from the Cautious and Moderately Cautious funds will normally be made as interest distributions with income tax deducted currently at the lower rate of 20%. Distribution from the other funds will be in the form of dividend distributions and taxed accordingly. Full details of the taxation of shareholders is set out in the Prospectus.