How are Leveraged Swap-based ETFs taxed?

📊 Investing
1

If holding a leveraged swap-based equity ETF in a general investment account, such as WisdomTree S&P 500 3x Daily Leveraged (3USL), how are gains reported? Do they incur capital gains liability or do they include underlying dividends or even worse do they incur income tax?

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2

According to the WisdomTree UK income reports, the income reported on the leveraged ETFs is nothing which suggests to me that only capital gains tax would be liable?

3

You shouldn’t pay income tax on any investments only cgt