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CGT on unit trusts

Nasesco · 2017-01-08 17:06:29

Hi Guys, I'm trading unit trusts online for the last few months. I regularly buy and sell various funds switching as I see fit. This will be a long term investment (20+ years). Given the fact that I won't be withdrawing any of the gains for over 20 years, do I still need to pay capital gains tax yearly or can I just do a…

08-01-2017 5:06pm

#1

Nasesco

Registered Users, Registered Users 2 Posts: 5 ✭

Join Date: January 2010

Posts: 2

Hi Guys,

I'm trading unit trusts online for the last few months. I regularly buy and sell various funds switching as I see fit. This will be a long term investment (20+ years).

Given the fact that I won't be withdrawing any of the gains for over 20 years, do I still need to pay capital gains tax yearly or can I just do a lump sum payment once I withdraw the entire amount?

Thanks

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