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Trustee Investment

And when looking at tax efficient investment don&#39t forget trustees.

The Chancellor has announced no changes in the basic taxation of trustees apart from an increase in the trustee annual exemption to £3,750. It should be borne in mind that this CGT exemption is in general diluted by the number of trusts created by the same settlor since 1978. Where available trustees should invest in such a way to maximise the use of the annual CGT exemption and growth orientated collective investment funds may be useful in such circumstances.

On a broader front, it is undoubtedly the case that capital investment bonds as a trustee investment continue to be a profitable area of new business. The attractiveness of bonds in such planning has increased because of two significant changes; one in the area of trust law and the other in the area of tax law.


Limited liability partnerships

14. LIMITED LIABILITY PARTNERSHIPSLast November the Chancellor announced how the government intended to deal with the taxation of Limited Liability Partnerships (LLPs) from 2001/02. This Budget confirms the government&#39s general approach. LLPs have been developed to combine organisational flexibility with the benefits of limited liability, thus providing a modern alternative business structure. This will be […]

CoFunds gets my vote

The IFA is increasingly encouraged to get a presence on the internet, where one sees more and more competition offering no commission deals, which will surely assist in the demise of the smaller IFA. Yesterday, I had an email offer to log on to a “must-read for IFAs” site offering news and fund research. I […]

Henderson distributes best of the best

Henderson Global Investors is expanding its fund of funds range with the introduction of the independent distribution portfolio trust.This fund of funds is one of three recent additions to the Henderson range. It is different from the other funds in that it is concerned purely with income and is designed for those with a lower […]

Blair and Hague in pre-budget pension clash

Pension funds shot to the top of the political agenda when Gordon Brown&#39s budget speech was preceded by a heated clash between Tory leader William Hague and Prime Minister Tony Blair over taxation of pension funds. Hague said pension funds had been plundered of £17.4bn over the last four years and pledged to refund dividend […]

European Opportunities: 'It’s nice when stock selection results in a macro tailwind'

Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy


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