Budget 2010: Tax change allows UK to compete for funds - IMA


The IMA has applauded the Government's move to amend tax rules it says is forcing groups to domicile funds away from the UK.

In today's Budget, the Treasury says it will alter the fund-specific Schedule 19 Stamp Duty Reserve Tax regime. The tax affects only UK-authorised funds and is in addition to SDRT paid on funds' acquisitions...

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