I have a really interesting dilemma that has even confused HMRC and was wondering what your take on this would be please. I have a client who has funds invested in Aegon, formally Cofunds, where by dividends and interest received on these investments are simply reinvested into the fund and are not paid out to my client. Do I still need to declare these dividends and interest received on his personal tax return? Because my other concern is that if he was to cash in any of the investments then CGT would be due..?
Would be interested to hear if anyone has a similar dilemma?