Stobo report makes funds more attractive

Thursday 18 November 2004

The Stobo tax proposals mean fund managers can spend more time on their products and less time on tax issues.

By The Landlord

The Stobo report - if implemented – should produce a level playing field for investments.

The issue now is the nature of the grass on that playing field, and where the boundaries.

“It’s tremendous,” Tyndall Investment Management’s Anthony Quirk says. “There’s still a lot of detail to be worked out but it establishes the idea that you can’t favour one industry over the other with tax and that’s something we’ve been trying to fix for years."

The Stobo report notes that at present the different tax treatment between investments pushes investors to different investments and that fund managers spend a lot of time on tax issues.


“At the moment providers have to spend so much time designing their products around tax. That is expensive – you have to get legal opinions and so on.

Read More - Opens in a new window
Commenting is closed

Property News

Price expectations spiral down

Housing confidence has been dealt a hefty blow by the Covid-19 crisis with house price expectations plummeting to new lows.

Commercial

Industrial holdings leave Provincia in strong position

Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.

Mortgages

Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer