The AITC has published an investment trust fact sheet showing investors how to reduce potential tax ...
The AITC has published an investment trust fact sheet showing investors how to reduce potential tax liabilities to maximise returns. Themes addressed include tax treatment of investment trust companies and advantages of closed-end funds in the light of tax concessions available. Investment trusts are exempt from tax on their capital gains, although they are subject to corporation tax on some sources of investment income, including interest from bond holdings and offshore dividends. However, investment trusts are allowed to offset most of their expenses, such as management fees and in...
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