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Investments are made through shares in REITs. Tax rules apply to you and may change
Already used your ISA allowance this tax year? Open a Standard account today
Our portfolios benefit from tax-efficient REIT status. Qualifies for a £12,000 tax-free allowance on gains
Your investment may be subject to personal tax on income
The only difference with investing in Bricklane via an ISA compared to a Standard account is the tax liability on your earnings. Returns and fees are all the same.
Whilst Bricklane cannot give tax advice, the following information may be helpful:
Bricklane customers can earn a return in two ways:
If you sell your shares for an amount that is greater than that which you purchased them for, you may have to pay Capital Gains Tax on the gain.
UK taxpayers receive an annual tax-free allowance on Capital Gains Tax - this is £12,000 for the 2020/21 tax year i.e. annual capital gains below £12,000 will not be subject to Capital Gains Tax. This may vary in future tax years.
Since the funds are both classified as a REIT, dividends are split into two parts:
If you invest via a Standard account, profits from the property rental income are paid to investors after a 20% tax deduction, which the REITs pay to HMRC. For UK resident individuals who complete tax returns, the property income dividend from a UK REIT is included as 'Other income' on your tax return.
Non-property profits e.g. interest earned on the cash held in the fund, are treated like a dividend on any Standard investment account. There is a £2,000 annual tax free dividend allowance for dividends paid in the 2020/21 tax year. Income tax is payable on dividends in excess of £2,000 pa.
Please note that all allowances and rules referred to above are subject to future change, and the above does not constitute tax advice.
We’ve removed investment fees for all investors, and all account types (terms apply).
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