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Excess reportable income and capital gains accross tax years

Answer
Ratter
Posted Wed, 27 Nov 2024 14:13:17 GMT by Ratter
Hello, I have an off shore UK reporting fund. I sold the holdings in 2023-2024 after the end of the reporting period. The assumed distribution date for the excess reportable income therefore falls in the tax year 2024-2024. Do I include the ERI in my capital gains calculation for 2023-2024 and then report the ERI as income in 2024-2025? Thanks
Answer
HMRC Admin 17 Response
Posted Wed, 04 Dec 2024 08:08:27 GMT by HMRC Admin 17 Response

Hi ,
 
Please refer to :

HS265 Offshore funds   .

Thank you .

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