Trust arrangements and earnings
The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2015/1790, specifies the following seven Treasury gilt-edged securities as exempt from tax on chargeable gains on disposal:
HMRC is consulting until 14 December 2015 on whether to continue the requirement for providers of child trust fund accounts to carry out the ‘lifestyling’ process of reviewing their investment strategy to minimise risk in the run-up to an account reaching maturity.
The Child Trust Funds (Amendment No 3) Regulations, SI 2015/1371, extend the list of qualifying CTF investments with effect from 1 July 2015 to include securities issued by co-operative and community benefit societies and other securities traded on a recognised stock exchange in the EEA.
Andrew Goldstone and Helen Manis (Mishcon de Reya) review the latest developments that matter in the private client arena
Scrip dividends and the exit charge
Hints of things to come, by Sophie Dworetzsky (Withers).
The Child Trust Funds (Amendment) Regulations, SI 2015/600, increase the annual child trust fund subscription limit to £4,080 with effect from 6 April 2015.