These can be created by investment in forests which soak up carbon dioxide from the atmosphere.MTM has launched a tax-efficient investment which profits from this arrangement. This is how it works. MTM will use a leading scientific authority on forestry management to identify deforested land suitable for planting trees which give the highest carbon yield. Independently, an environmental lender will offer loans of up to 80 per cent of the amount invested. It is expected that at least 90 per cent of the investment will be available for trading loss relief, resulting in first-year tax savings of 36,000 compared with a net investment of 20,000, assuming an 80,000 loan. The benefit in 2009 from selling the future value of income from carbon credits and forestry could give a return of around 450,000. After the loan is repaid, this would amount to a taxable profit of about 360,000. With the climate levy tax set at 40 per tonne and carbon credits trading at up to 30 per tonne, it is easy to see why polluters would rather acquire credits than pay the tax. In a short article, it is difficult to explain all the advantages and risks so it is wise to seek further information from Martin King at firstname.lastname@example.org.
A monogamous relationship with a specialist mandate can force managers to bypass pot- entially lucrative opportunities.
Pre-owned asset tax Scottish Equitable International technical manager Margaret Jago warns on spouse-alienation plans
Bridgewater Equity Release is launching a flexible reversion plan that enables homeowners to phase the income they draw from their property. Homeowners can take from 25 per cent upwards initially and draw the balance as required up to100 per cent, so gaining from any house prise inflation. Alternatively Bridgewater will take a fixed percentage of […]
Barry Norris and Oliver Russ have grown Britannic’s Argonaut European alpha fund by 21 per cent in their first three months and plan a November launch for their equity income product. Since joining Britannic from Neptune in May, the pair have kept the fund 7 per cent ahead of the MSCI European index and won […]
By Kunal Desai, Manager of Neptune India Fund Kunal Desai recently celebrated his third anniversary as manager of the Neptune India Fund. Kunal has built a strong track record of outperformance since he assumed responsibility for the Fund, delivering a return of 30.3 per cent ompared to the MSCI India Index gain of just 14.0 […]
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]