- Wealth PMS (50L+)
Bond Baba's going to apologize. We have spoken a lot about how Capital Gains is better than income, when it comes to bonds. And we've spoken of bonds which don't pay any interest coupon but are redeemed at a "premium". The implicit assumption in these cases was that a single large payment would be treated as a capital gain - and indeed, our conversations earlier with external parties didn't point otherwise . . .