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