ETF taxation · White-list share

UBS MSCI USA ex Mega Cap UCITS ETFTax rate and white-list share

ISIN: IE0004993469Issuer: UBSClass: USD acc

Effective rate on capital gains

26.00%

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how much tax you pay when you sell at a profit

The share of «white-list» government bonds 0.00% is taxed at 12.5%, the rest at 26% → 12.5% × share + 26% × (1 − share) = 26.00%

White-list share: 0.00%

Provisional 0% share: recently established fund, the share is not yet determinable (first semi-annual report not out) → ordinary 26% taxation applies for now. It will change on its own with the first report.

Not updated to the current semesterThis share refers to the 01 Jan 2026 – 30 Jun 2026 semester, the latest published by the issuer on its website. The updated report for the current semester is not yet available: check the share actually applied with your broker/bank.

Validity semester

01 Jan 2026 – 30 Jun 2026

Source

UBS official tax document (Italian Law Decree 138/2011)

How it works

In Italy, ETF capital gains are taxed at 26%. But the portion of the fund invested in Italian and «white-list» government bonds enjoys the reduced 12.5% rate. The effective rate is therefore a weighted average of the two, based on the share of government bonds the fund holds — a share each issuer certifies every semester as the average of the last two reports.

Frequently asked questions

What is the tax rate for UBS MSCI USA ex Mega Cap UCITS ETF?

The effective rate on capital gains is 26.00%, computed from the 0.00% white-list share (12.5% on government bonds, 26% on the rest). The 0% share is provisional (recently established fund).

What is the white-list share?

It is the percentage of the fund invested in Italian and cooperating-country («white-list») government bonds. On that portion the capital gain is taxed at 12.5% instead of 26%. The issuer certifies it every semester.

When does the share count?

The share of the semester in which the SALE happens counts, not the purchase. The broker applies the withholding based on the issuer document valid in that semester.

Transparency noticeData extracted from the official UBS tax document (Italian Law Decree 138/2011), 01 Jan 2026 – 30 Jun 2026 semester. Rebalix recomputes the rate for information purposes only: this is not tax advice and ignores stamp duty and personal variables. The share of the semester in which the SALE occurs applies. Before filing, consult your broker, accountant or tax-assistance centre.

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