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tax return: 'proceeeds of sale' of unit trust with reinvested dividends

Von: RobertL (robertmlaws@yahoo.com) [Profil]
Datum: 14.10.2009 12:30
Message-ID: <874a2022-b849-4703-a36d-7d95cd87ec3b@a32g2000yqm.googlegroups.com>
Newsgroup: uk.finance
I'm sure there is a standard answer to this but can anyone advise me
please?  it's a question of what to use for the sale price of an
accumulation unit trust for CGT purposes.

I am completeing my tax return and I am including the capital gain
made when I sold an "accumulation" unit trust (UKindex from Legal and
General).

Each year I have owned this I have declared the dividends and paid tax
on them although the fund reinvests that them.  L+G send out a
consolidated tax voucher for that purpose.

Now, when it comes to calculating the capital gain (or loss in fact) I
need to know the 'proceeds of sale'.  The actual sale price includes
all those reinvested dividends, but they are not part of the capital
gain. Do i simply subtract them all?

There does not seem to be any guidance in the notes.

Robert


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