HM Treasury launches consultations on asset management taxation | Practical Law

On 28 July 2008, HM Treasury launched three consultations on changes to the tax regime for asset management. The three consultations propose:

HM Treasury launches consultations on asset management taxation

by PLC Tax

Published on 29 Jul 2008 • England, Wales

On 28 July 2008, HM Treasury launched three consultations on changes to the tax regime for asset management. The three consultations propose:

1. A direct tax exemption for UK authorised investment funds.

2. Replacing the substantial holding rules for qualified investor schemes.

3. Creating a new tax regime to enable investment trusts to invest in interest-bearing assets tax efficiently.

Comments are invited by 22 October 2008.