Unit trust - interest re-invested, not 'received'? | AccountingWEB

Unit trust - interest re-invested, not 'received'?

A client holds a number of shares in a unit trust which distributes interest rather than dividends. 

Rather than being 'paid' the interest, however, the distribution is re-invested into the fund to increase the unit value. 

Does the distribution count as 'interest received' for the purposes of their tax return? TRG7 is not helping me!

Many thanks, 



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Interest re-invested

lorraine.hunter |

Cunning indeed.

vicadm |