I recently sold holdings in a fund whose terms say: "we will add a 1.8% charge to the subscription price, and deduct the same percentage from the redemption price." There is also a 1% annual management fee, and a high water mark fee.
Are these two sets of 1.8% fees deductible for CGT?
How would I calculate the deduction? Would I subtract from the gross gain (1.8% x share price on purchase + 1.8% x share price on sale)?
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