UCITS can have tax advantages, says Akin Gump lawyer
Tue Sep 21, 2010
UK-based investors will have less income to report, and capital gains tax treatment on exit
UCITS funds can come with added tax advantages because of the way income and capital gains tax is reported, according to a lawyer from Akin Gump.
The Offshore Fund (Tax) Regulations 2009, enacted by the last government in order to restrict tax avoidance, resulted in changes to the offshore fund tax rules.
London-based Investment fund tax lawyer, Ashley King-Christopher for major US law firm Akin Gump, says UCITS funds which have...
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