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CGT on sale/purchase of clean/super clean share classes

WildparaplannerWildparaplanner Member
in Technical stuff

Hi,

We have clients that are in a clean share class of a fund and we have now been granted access to a super clean share class of the same fund (OCF is 0.06% cheaper). However, I can't seem to find any information on whether a sell then buy will realise a capital gain in the fund or not (i.e. fall under the 30 day rule?). I have found that direct conversions from dirty-clean don't trigger it, but as this isn't involving dirty pricing, I can't find anything.

If anyone has any useful links about this issue, that would be appreciated.

Thanks

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Comments

  • TimMatthiasTimMatthias Member

    As long as it is the same fund, switching from one share class to another does not create a capital gain and you don't have to wait 30 days.

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