Db x-trackers gains distributing status for 63 ETFs

The distributing status, granted by HM Revenue and Customs for the period between January 1, 2008 and December 31, 2008, applies to db x-trackers' equity, commodity, foreign exchange and shariah-compliant ETFs. The eligible range includes 63 listed on the London Stock Exchange. As a result, any gains made on the disposal of the ETFs would be considered a capital gain for UK individuals or a chargeable gain for UK corporates, if the shares are certified as distributing funds through the investor's entire period of ownership. Individuals would incur the capital gains tax rate at 18% whi...