SVM plans distribution in the UK

Scottish Value Management's (SVM) plans to move its range of funds onshore look likely to be delayed by a potential £0.5m tax liability, writes Fiona Henderson. The group had been looking to move its Dublin-based range onshore in the UK by the end of the year. Sam Batcharj, business development director at the group, said: 'Initially, our thoughts were to transfer the existing range onshore but this would incur around £0.5m in tax costs. We do not want to pass this cost onto the investors, so we are looking at other ways around the issue.' According to Batcharj, it is poss...