ALERT: Public Limited Partnerships

Last year I posted about 'what is a MLP?", see here:

 https://finmeup.app/post/464791fd-5f32-4a09-8e64-534035034036

In it I describe the potential benefits of owning MLPs. However, from 1 January 2023, the implication for owning a MLP has changed for Non-US residents.

Implications:

1. When selling units you are taxed at 10%
2. You can no longer buy MLPs or public limited partnerships on EasyEquities

Be careful before purchasing units in such companies because of the tax implications. It might still be a good investment opportunity if you are able to buy units on other trading platforms after taking the rule changes into account.