Review of Managed Investment Trusts: Round 1
4 November 2008
The Board of Taxation released its Discussion Paper, Review of the Tax Arrangements Applying to Managed Investment Trusts (“MITs”) on 29 October 2008. The Paper is very open-ended in raising issues for consultation but does not give any strong indications of the Board’s thinking on the issues. Accordingly, this Tax Brief will set out the background to the Review, indicate the main issues that the Board has raised for consultation together with some comments on them, and finally discuss the way forward. For our full Tax Brief - click here