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Taxation of UK Unit trusts and OIECs


AndrewD
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When we move to France and become French resident very soon, I plan to continue investing in UK Unit trusts and OIECs.  The French tax-incentive investments are not interesting to me because they are tied up in so many restrictions.  I need to be able to buy and sell at will to generate income.  Also I have no confidence that French managed funds will generate the kind of return I can get in the UK.

What I would like to know is how these funds will be taxed.  What capital gains tax regime will apply?  Will I get the annual €15000 exemption on sales? The €1000 exemption on gains?  Is the income from funds treated differently to the capital gain, even if the fund is an accumulation fund, where income is automatically reinvested?

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