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ETF taxation · White-list share

UBS MSCI United Kingdom IMI Socially Responsible UCITS ETFTax rate and white-list share

ISIN: IE00BYNQMS48Issuer: UBS
Effective rate on capital gains
26.00%
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%
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)

Share classes of this fund

The white-list share is a property of the fund: it is identical across all its share classes (accumulating, distributing, currency-hedged). You are viewing the highlighted class.

IE00BMP3HM86UKSAGBP accIE00BMP3HN934UB5GBP disIE00BYNQMG26class as listed in the documentIE00BYNQMJ56class as listed in the documentIE00BYNQMK614UBAhEUR accIE00BYNQML78class as listed in the documentIE00BYNQMM85(hedged to USD) A-accIE00BYNQMN92class as listed in the documentIE00BYNQMP17class as listed in the documentIE00BYNQMQ24class as listed in the documentIE00BYNQMR31class as listed in the documentIE00BYNQMS48class as listed in the documentIE00BZ0RTB900Y9IhCHF dis

How it works

UBS MSCI United Kingdom IMI Socially Responsible UCITS ETF holds no «white-list» government bonds (0% share as reported by the issuer): the capital gain is taxed entirely at 26%. This is the norm for equity ETFs and corporate-bond ETFs — eligible government bonds are a different asset class.

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.

Worked example

Amounts are purely illustrative: the computation applies this fund's effective rate. The same share applies to capital gains and distributions.

You sell with a €1,000 capital gain
Tax:€260.00without the white-list share it would be €260.00
no benefit: the fund has no white-list share
You receive €100 in distributions
Net in your pocket:€74.00without the white-list share it would be €74.00
no benefit: the fund has no white-list share

Frequently asked questions

What is the tax rate for UBS MSCI United Kingdom IMI Socially Responsible 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).

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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