Investment Club Guides

Practical articles on tax, accounting, and running a club — written by people who have done it for over a decade.

How Investment Clubs Are Taxed in the UK

A plain-English guide to HMRC's rules for investment clubs — Section 104 pooling, CGT allocation, income reporting, and Form 185.

What Section 104 pooling actually is, how same-day and 30-day matching works, and why getting it wrong costs your members money.

The tax and accounting challenge nobody warns you about — and how Capital Equalisation Adjustments solve it.

From finding members and writing a club agreement to opening a brokerage account and handling HMRC — everything you need to get started.

Net Asset Value per unit is the fairest way to track each member's stake. Here's the formula, a worked example, and why it matters.

What a K-1 is, what each box means, how to handle LTCG and STCG splits, and what to do if yours is wrong.

When a member contributes appreciated stock to the club, §704(c) determines how the built-in gain is taxed. Here's what that means in practice.

The choice of cost basis method affects every member's tax bill. Here's how FIFO and average cost compare — for UK and US clubs.

ETFs are simpler. Investment clubs are more fun. Here's an honest comparison of returns, tax, effort, and what most people get wrong.

A detailed feature-by-feature comparison of every major investment club platform — tax support, pricing, UI, and who each one is actually built for.