tax_onomy

I have a related inquiry. If a UK resident tax payer owns a non-uk domiciled, UK Reporting ETF, in a standard general investment account (no ISA, SIPP wrapper etc) then can you confirm the below statements are correct? - Distributions are treated as income for personal tax - Capital gains from selling ETF shares are taxed as capital gains if above the personal CGT allowance - Excess reportable income must be listed on the SA tax return only for ETF units held at the end of the ETF accounting period Therefore, only CGT may be due for such an ETF when it is bought and sold for a gain within the accounting period (zero holding at end of period) , where no distributions occur.