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taxation when buying a fund

  • 02-08-2013 1:53pm
    #1
    aidanki
    Registered Users, Registered Users 2 Posts: 1,283 ✭✭✭


    hi gentlemen


    say I buy shares on the stock exchange in a fund such as berkshire hataway today @100 each. the return is compounded so it is worth 150 in 5years time.

    As things stand do I simply pay tax on the 50 euro profit, which would be Capital Gains tax at the high rate ?


Comments

  • #2
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    aidanki wrote: »
    hi gentlemen


    say I buy shares on the stock exchange in a fund such as berkshire hataway today @100 each. the return is compounded so it is worth 150 in 5years time.

    As things stand do I simply pay tax on the 50 euro profit, which would be Capital Gains tax at the high rate ?

    im a bit confused are you buying a share in a plc or a fund?


  • #3
    aidanki
    Registered Users, Registered Users 2 Posts: 1,283 ✭✭✭aidanki


    gordongekko wrote: »
    im a bit confused are you buying a share in a plc or a fund?

    I just picked berkshire here as an example which is a fund ?


  • #4
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    aidanki wrote: »
    I just picked berkshire here as an example which is a fund ?

    its a plc not a fund


  • #5
    aidanki
    Registered Users, Registered Users 2 Posts: 1,283 ✭✭✭aidanki


    just had a look on the revenue website, from what I can understand its regular capital gains tax you pay regardless the rate determined by the year you sell


  • #6
    NoQuarter
    Registered Users, Registered Users 2 Posts: 4,632 ✭✭✭NoQuarter


    gordongekko wrote: »
    its a plc not a fund

    Funds can be set up as limited liability companies among other vehicles.


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  • #7
    Jack Kyle
    Banned (with Prison Access) Posts: 442 ✭✭Jack Kyle


    Berkshire's just an individual share.

    CGT on any crystallised gain, a CGT loss on any crystallised loss and income tax on any dividend (of which the aren't ever any).

    Funds are far more complex.


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