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Investment Trusts Tax

investment trusts


A limited company whose business is the investment of shareholders' funds, the shares being traded like those of any other public company


An Investment trust is a form of collective investment found mostly in the United Kingdom. Investment trusts are closed-end funds and are constituted as public limited companies.


Companies specialising in investing in shares. Their capital is fixed and shares in investment trusts listed on an exchange are bought and sold in the market like other shares. Also known as 'closed-end' trusts as their capital is fixed.


are similar to unit trusts but are governed by company law. The number of shares in issue is normally fixed and the price varies according to market demand. The underlying value of an Investment Trust is called the Net Asset Value (NAV).

tax


charge against a citizen's person or property or activity for the support of government


levy a tax on; "The State taxes alcohol heavily"; "Clothing is not taxed in our state"


A strain or heavy demand


set or determine the amount of (a payment such as a fine)


A compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions