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Assured fund receives distributor status from HMRC

The Assured fund, a traded life settlement fund, has received 'distributor status' from HM Revenue & Customs, providing retail investors with a "more advantageous" tax regime.

By James Kenny | Published Jul 13, 2009 | comments

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Previously, returns to UK investors on the disposal of shares in the fund - which is based in Belgium and managed by Policy Selection - have been taxed as income, which, for 2008-09, was 40 per cent on income greater than £34,800. With the new tax status, returns will be taxed as capital gains at 18 per cent for 2008-09 and 2009-10.

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