Budget 2009 _ Changes to Investment Trust Taxation
Published / Last Updated on 22/04/2009
Budget 2009 - Changes to Investment Trust Taxation
With effect 1 September 2009 investment trusts that invest in interest bearing assets will be able to reclaim Corporation Tax paid and pass the liability to the shareholder.
The change is optional but if taken up it means that the investment trust will receive a tax deduction for any interest distributions made.
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