Pauline, a basic-rate taxpayer, has a portfolio which comprises of various equity and fixed-interest unit trusts and OEICs. She should be aware that:

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Spencer Karenbauer · Accepted Answer

Any losses from this portfolio are allowable for Capital Gains Tax calculations

Spencer Karenbauer · Accepted Answer

The taxation of dividends on the OEICs held will be treated the same way as the unit trusts

Spencer Karenbauer · Answer

Her entire portfolio will be subject to a 10% tax credit

Spencer Karenbauer · Answer

Only the proceeds of sale from the OEICs could be subject to Capital Gains Tax

Spencer Karenbauer · Answer

She can never reclaim any tax deducted at source

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