Tapering tips(cahnges to United Kingdom capital gains tax; includes related article)

Article Abstract:

United Kingdom capital gains tax is levied on investment profits above exemption levels of 6,800 pounds sterling per year. Tax has to be paid at the tax payer's highest rate. There is an indexation allowance to April 6 1998, taking inflation into account, and a taper relief system has also been introduced to reward investors who hold assets over the long term. The new system may mean that investors pay more. Investors are also affected by the loss of arrangements whereby annual allowances can be used by selling stocks and buying them back the following day.

Public Finance Activities, Capital Gains Taxes, Capital gains tax

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A savings blueprint

Article Abstract:

United Kingdom individual savings accounts (Isas) offer tax advantages to investors which are useful, though they are not as generous as those offered by the previous scheme, Peps. Isas do have the advantage that investors are not restricted to the UK or mainland Europe, unlike Peps. Investors can gain better returns by taking risks, but should not choose investments simply because they have tax advantages. They can also use venture capital trusts and enterprise investment schemes, which also offer tax advantages.

Taxation, Cover Story, Portfolio management, Savings accounts

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Risks beneath the wrapper

Article Abstract:

Corporate bond personal equity plans (Peps) offer lower risks than invesments based on equities and yields that are higher than those obtained from building societies as well as tax-free. Investors should assess the charges imposed and note that higher yields tend to imply higher risk levels. Investors who are concerned about capital growth should note that two yields are quoted by managers, and running yields only describe income for a particular year, while redemption yields take capital growth into account.

Analysis, Corporate bonds

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