Joey2324 Lee

I bought shares from 5 OEICs. They are all accumulation funds, meaning all income is not distributed but automatically reinvested within the fund, and this reinvested income will inflate the share price. According to the year-end statement, I was told that there were £10,000 “notional dividends” during 2023-24 and they were not actual cash payments. The year-end statement also indicated that there were £4000 equalization payments. Later in the year, I sold shares of 2 OEICs. My questions are: (a) On income tax self assessment, do I have to report these “notional dividends” which were not actual cash income? If I have to report this notional income, I should report £6000 only (£10000 - £4000). Am I correct? (b) For CGT reporting, to calculate the capital gains, I should first adjust the acquisition cost of each OEIC as follows: Original acquisition cost + all notional dividends received under that OEICs (if these notional dividends were reported in the income tax self assessment) I don’t have to make adjustments for equalization payments as the capital has not been returned and it does not affect the acquisition cost. Am I correct? Thank you.