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Bed and breakfasting off the menu

The Government is clamping down on the practice of bed and breakfasting shares to reduce capital gains tax bills. Bed and breakfasting involves selling shares at the end of business one day and buying them back at the start of business the next day. The Government says any shares sold and repurchased within 30 days will be matched, so any gain or loss will not be realised.

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Afloat on the cashflow

This week, I continue my consideration of the payment of corporation tax in advance under the system of self-assessment for companies, as is the case under pay and file. The Inland Revenue expects to ensure that the correct amounts of corporation tax are payable by virtue of a system of interest on underpayments. The interest […]

Kitemarking can&#39t ensure suitability of a pension

One of the key issues in the stakeholder pensions debate is the degree of regulation appropriate to the products. Would it be prudent to exclude stakeholder pensions from the present framework of regulation by introducing some form of kitemarking? On the face of it, there are advantages to this. First, providers would not need to […]

Fund of funds duo from Grenfell

Morgan Grenfell Asset Management is launching two Peppable funds of funds after taking just £10m with its last retail product. The world opportunities growth and world opportunities income funds follow the launch of the All-Weather equity fund in January. This was Morgan Grenfell&#39s first move in the retail market since the Peter Young scandal in […]

Scientists slam ABI genetic code

The ABI&#39s genetic code of practice has come under public attack from leading scientists. A group of scientists, including experts working at Norwich Research Park, one of the UK&#39s leading research inst itutions, has written a letter to the Daily Telegraph condemning the code. The letter is signed by Dr Ian Gibson, a Labour MP […]

Protecting long-term savings from short-term policy

By Jamie Clark, Business Development Manager The pensions revolution is almost upon us. As with any revolution, there will be winners and losers. The winners in this case could presumably be the politicians that orchestrated pensions freedom and choice just before the general election. As for the losers, there may be many thousands of people […]

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