Nothing ventured...
Article Abstract:
Attractive tax incentives are available with Venture Capital Trusts (VCTs), investment funds which take equity in concerns worth 10 million pounds sterling or less. Investors can place as much as 100,000 pounds sterling a year into one or more funds, receiving two tax breaks on income and two on capital gains. No tax is charged on any dividend income from VCT shares. There is also tax exemption on all capital gains on VCT shares, and any liability for capital gains tax on shares just sold can be rolled over by reinvesting the gain into a VCT.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Investing just for the thrill of it
Article Abstract:
United Kingdom investment trusts have seen discounts widen to an averageof 12% in 1997. Some investors have moved funds into investment trusts in the hoped that discounts will narrow. Some analysts see investment trusts as offering bargains due to high discounts. Speculation in international capital growth funds may be best left for investors. Investors should seek good value, and there is uncertainty is stock markets although discounts look set to narrow.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Shake-out is just beginning
Article Abstract:
United Kingdom investment trusts have underperformed since 1994, compared with average UK stock prices. Their discounts to net asset value (NAV) have widened and this is especially true of one investment trust, Robert Fleming's Far Eastern Investment Trust which has 12,000 stockholders. The trust has a 13% NAV and plans to restructure. This move is seen as an additional sign that the 50 billion pounds sterling UK investment trust sector will restructure.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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