I guess this is an international tax question. Or perhaps I should have posted on one of those tax forums.
In any case, If you sell an asset and buy back the same within 30 days in UK in a taxable account, there is certainly no capital gains tax in the UK, am I right ? And this applies to onshore shares / unit trusts and offshore shares / mutual funds / ETFs which have UK HMRC distributor status ? I guess so, but wanted to check.
Regarding India treatment of capital gains and 30 day wash rule, I will find out on my own.
Appreciate any thoughts.
Oh well. Thanks for listening.
In any case, If you sell an asset and buy back the same within 30 days in UK in a taxable account, there is certainly no capital gains tax in the UK, am I right ? And this applies to onshore shares / unit trusts and offshore shares / mutual funds / ETFs which have UK HMRC distributor status ? I guess so, but wanted to check.
Regarding India treatment of capital gains and 30 day wash rule, I will find out on my own.
Appreciate any thoughts.
Oh well. Thanks for listening.
Statistics: Posted by bluejeansman — Wed Jun 05, 2024 2:09 am — Replies 1 — Views 199