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