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Report Purchase of Funds To Revenue?

  • 04-01-2014 7:28pm
    #1
    Blue Crystal
    Closed Accounts Posts: 382 ✭✭


    I recently got started in investing in UCITS via rabo

    On there website it says that all purchases have to be informed to the revenue

    Cant find any mention elsewhere, can anyone shed some light?


Comments

  • #2
    ixus
    Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭ixus


    Blue Crystal wrote: »
    I recently got started in investing in UCITS via rabo

    On there website it says that all purchases have to be informed to the revenue

    Cant find any mention elsewhere, can anyone shed some light?

    Would you not ask rabo? I'd imagine it's for paying CGT or carrying losses..


  • #3
    Blue Crystal
    Closed Accounts Posts: 382 ✭✭Blue Crystal


    ixus wrote: »
    Would you not ask rabo? I'd imagine it's for paying CGT or carrying losses..

    Ah yeah but tis the weekend sure :)

    Dont think losses on UCITS can be carried forward or offset against funds in profit?


  • #4
    ixus
    Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭ixus


    Blue Crystal wrote: »
    Ah yeah but tis the weekend sure :)

    Dont think losses on UCITS can be carried forward or offset against funds in profit?

    No idea. Don't follow the product. More of a general answer I was giving.


  • #5
    sodabread
    Closed Accounts Posts: 126 ✭✭sodabread


    Blue Crystal wrote: »
    I recently got started in investing in UCITS via rabo

    On there website it says that all purchases have to be informed to the revenue

    Cant find any mention elsewhere, can anyone shed some light?

    Informing Revenue re a purchase at the time of purchase? Honestly I doubt they'd be interested.

    I reckon it refers to informing them of the purchase date and quantity etc. but only when you cash out of the fund- for calculating CGT. But don't rely on my word. You need to contact Rabo/Revenue to clarify for sure.


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