lenb

I am trying to make sense of the inadequate guidance for all tax on accumulation units before I invest in them outside an ISA. It seems that accumulation dividend tax is paid each year but CGT is paid at point of sale tax year. However obviously the Capital Gains Tax should only be payable on profit after accumulation dividends are removed. It seems nonsensensical for the HMRC to tax them in this way as it only causes numerous problems with partial sales and extensive calculations etc. Surely it would be wiser for accumulation units to be charged CGT only at point of sale. This of course assumes there is no loss to be taken into account that complicates the calculation further.