Treasury gives boost to Oeics

Professional Adviser
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the treasury's decision to scrap inheritance tax charges spells good news for the uk

Two new pieces of regulation concerning UK Oeics for overseas investors will enable the UK to compete more effectively with offshore centres. The Treasury has announced it will remove an Inheritance Tax (IHT) charge on non-resident investment in the shares of UK-domiciled Oeics and authorised investment trusts. It will also relax a requirement for non-resident investors to sign a form of declaration before receiving gross interest payments from Oeics. The move by the Treasury was to make UK Oeics more attractive to foreign investors. By removing these obstacles it will allow UK fu...

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