Andrew

Dear HMRC, If an ETF's monthly distribution is in the means of "return of capital (ROC)" instead of "ordinary dividend", will HMRC treat this distribution as which of the following? (1) capital gain / disposal of asset (2) income (3) dividend If this is treated as CGT, how shall we calculate the capital gain / loss when we sell this ETF? Using sold price - average price I bought? Thank you very much. 


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