kevin mcbride

The official guidance is not very clear to non-accountants. Firstly it is not at all illegal to buy back shares, so long as you follow the b&b rules when declaring gains/losses. I believe the way to do this is to transpose the relevant costs, ie when you sell for the first time you assume that the shares were purchased at the NEW price rather than the acquisition price, and when you sell for a second time you assume that the shares were purchased at the ORIGINAL cost. (I do not pretend to be an expert, but have myself struggled with this issue and I am fairly certain that I have go it right now!)

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?