Hello -
UK resident, I have a managed portfolio in Switzerland. The Bank churns the holdings quite a lot (to good ends) but it means that reporting of dividends and CG to HMRC is getting onerous, and I am considering switching everything into a "fund" managed by the same bank.
My question is, will the HMRC accept top level reporting - one number each for dividend, CG etc (like they do for a UK fund) or would they require full transparency and require the underlying transactions to be disclosed (which would probably be even more numerous than in my present situation)?
Yes, I could ask them, but as we all know, that is easier said than done
Thanks for any thoughts on this
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