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Tax changes prompt trust wind up
Thursday 22nd of March 2007
All UK listed investment companies have to have a vote periodically about whether to continue on or not.
The NZIT’s next “continuation” vote is at this year’s annual meeting.Chairman Donald Campbell said yesterday, that the trust should be wound up as it would be disadvantaged under the new tax rules as it is UK domiciled and subject to higher tax than local funds.
“We have concluded tha...
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