I
iActuary
Member
Solutions 4.8 and 4.14 say that holders of unit trust or underlying assets will be taxed broadly the same..
However, as I understand, dividends from unit trusts are taxed in the same way as equities (i.e. no look through). It is different from holding directly the underlying assets if the portfolio includes non-equity assets such as bonds.
In terms of capital gains, qualifying bonds are exempt from tax but it will be taxed if it forms part of the unit trust portfolio?
So just to seek clarifications, are these differences seen as immaterial and therefore the comment "broadly"?
However, as I understand, dividends from unit trusts are taxed in the same way as equities (i.e. no look through). It is different from holding directly the underlying assets if the portfolio includes non-equity assets such as bonds.
In terms of capital gains, qualifying bonds are exempt from tax but it will be taxed if it forms part of the unit trust portfolio?
So just to seek clarifications, are these differences seen as immaterial and therefore the comment "broadly"?