CGT on Ongoing Adviser Fees
ParaPAN
Member
Does anybody know what the situation is with regards to declaring CGT gains on the disposal of shares/units within a non-ISA OEIC/Unit Trust, to pay adviser fees?
We have been informed that there is a 'small exemption' with regards to the amount of ongoing adviser fees that have to be declared i.e. any gains on on-going adviser fees can be deferred until final encashment if these are below a certain annual limit.
I have trawled HMRC and various other websites but cannot seem to find this anywhere.
I would be grateful if somebody could please point me in the right direction.
Thank you
Comments
Yep, sales of units to pay for Adviser Fees are liable to CGT
I've never heard anything to the contrary
I agree with @arongunningham and @SianDaviesCole
Given that you can't find any reference to it, I'd be asking the person who informed you for a link to the source reference.