ETF

An exchange-traded fund (ETF). ETFs based in the EU are taxed under the exit tax rules, not Capital Gains Tax.

Gains and payouts from funds based in the EU pay exit tax, with a deemed disposal every eight years, and losses can't be offset. Shares you hold directly pay Capital Gains Tax instead.

Work it out

• ETF exit tax and deemed disposal →
• ETFs or direct shares: which leaves you more? →

Related terms

Exit tax · Deemed disposal

All terms · General information, not tax advice.