I purchased this accumulation bond at the end of last year, and the value has increased by 3.01% between then up to 5th April this year.
SHORT DURATION Global HIGH Yield Bond M GBP ACC ROYAL LONDON ASSET MANAGEMENT BD FD
https://secure.ii.co.uk/webbroker2/research/funds/BD0NHK8/overview.sp
This site suggests that income from this type of accumulation fund is treated thus
.
https://www.youinvest.co.uk/articles/sharesmagazine/89901/income-versus-accumulation-units
Am I correct in assuming all the gain between the two dates should be treated as income and treated as such for tax purposes?
SHORT DURATION Global HIGH Yield Bond M GBP ACC ROYAL LONDON ASSET MANAGEMENT BD FD
https://secure.ii.co.uk/webbroker2/research/funds/BD0NHK8/overview.sp
This site suggests that income from this type of accumulation fund is treated thus
Quote:
Income rolled up into your accumulation units is known as a “notional distribution” and is taxable in exactly the same way as the distributions from income units |
https://www.youinvest.co.uk/articles/sharesmagazine/89901/income-versus-accumulation-units
Am I correct in assuming all the gain between the two dates should be treated as income and treated as such for tax purposes?