Kel Galavan

They're not really suitable for the average person investing because particularly exchange traded notes and exchange traded funds are

They're complex instruments.

One is a debt instrument and one tracks commodities on futures.

Oh God, I'm confused already.

Exactly.

So I was going, well, I never expected capital gains tax to be a thing.

Why would CGT be a thing on this?

Correct.

My thought process and what I was expecting to hear was it's not going to be under exit tax and therefore deemed disposal.

Could you explain that, sorry?

Absolutely, I will.

So exit tax, it's a silo that sits alongside capital gains tax.

So a lot of the things that I mentioned run under capital gains tax, but there's a silo beside that.

And what sits inside that generally are the cool things for investors.

But the stuff you can get your head around.

So one would be, and one of the biggest ones are exchange traded funds.

And exchange traded funds are very simply a basket of shares.

So you get instant diversification.

You have

instant access to a whole range of products.