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Posted Wed, 04 Oct 2023 11:08:36 GMT by kevin mcbride
I am interested to find out the tax treatment of income etf such as JPM GBP Ultra-Short Income UCITS ETF - GBP (acc). This is accumulating. Are the gains taxed as dividends, interest, or CG on disposal? (This etf is domiciled in Ireland, I don't know if this makes any difference. It is reporting). And does it make any difference if the etf is distribution?
Posted Mon, 09 Oct 2023 12:29:10 GMT by HMRC Admin 32

An Exchange Traded Fund (ETF) is a form of Collective Investment Scheme and contains a pool of investments (‘the scheme property’) derived from the contributions of investors.

STSM101060 - Introduction to Collective Investment Schemes: Exchange Traded Fund

The taxation of ETF's is determined by the the asset class. Bonds are subject to Income Tax, with equities and commodities being subject to dividend tax. All three are subject to Capital Gains Tax.

Thank you.

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