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Will i have to pay tax on 5yr Wisdomscope fund!!

Revolver76 · 2010-11-19 11:34:54

Just wondering about whether i will have to pay any tax back on the 5yr Wisdomscope fund that i am currently in that is due to in October of next year. I have been paying 254 Euro in to this fund every month and going on present calculations i should at least break even by having 15k made on the fund.Not bad considering…

19-11-2010 11:34am

#1

Revolver76

Registered Users, Registered Users 2 Posts: 18 ✭

Join Date: August 2010

Posts: 7

Just wondering about whether i will have to pay any tax back on the 5yr Wisdomscope fund that i am currently in that is due to in October of next year.

I have been paying 254 Euro in to this fund every month and going on present calculations i should at least break even by having 15k made on the fund.Not bad considering how bad it was in 2008.

So can anyone tell me when my fund finishes and if my fund is worth 15k do i pay a tax on this even though i would have made no profit!

Thanks!!

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Comments

#2 19-11-2010 12:35pm

TripleAce

Registered Users, Registered Users 2 Posts: 1,454 ✭✭✭

Join Date: November 2007

Posts: 1286

If you made no profit I guess not....you should pay only capital gain if you actually had a gain ...also I believe something like 1,270€/year profit are free of capital gain.

I may be wrong though....

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