We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
An investment trust for growth?
Comments
-
Well, that's not quite true, as HMRC rules say that they can only retain a maximum of 15% of their income from all sources without paying it out. And that percentage that's permitted to be retained is reduced in circumstances where they've received reportable income from offshore funds and accounted for it as capital.There's no absolute requirement for an IT to pay out, it's down to discretion of management and the aims of the trust.
.
The intention is that they pay out substantially all the income they receive - that is a condition that they follow to allow them to qualify for special treatment as a tax-efficient investment trust vehicle.0 -
Thanks for a lot of the input on this thread. I am a fan of ITs but this thread is helping to explain some of the finer points!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards