Db x-trackers has gained distributing fund status for 63 ETFs, meaning any gains made on the disposal of these products by individuals would be eligible for capital gains tax at 18%.
The distributing status, granted by HM Revenue and Customs for the period between January 1, 2008 and December 31, 2008, applies to db x-trackers' equity, commodity, foreign exchange and shariah-compliant ETFs. The eligible range includes 63 listed on the London Stock Exchange. As a result, any gains made on the disposal of the ETFs would be considered a capital gain for UK individuals or a chargeable gain for UK corporates, if the shares are certified as distributing funds through the investor's entire period of ownership. Individuals would incur the capital gains tax rate at 18% whi...
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