UK Fund Reporting Status for Boost ETPs is Granted
Thursday 16th January '14
This means that a sale of Boost ETPs by UK taxable investors will be regarded as a disposal subject to UK capital gains tax (CGT). CGT will only be charged to the extent that the gains arising to an investor in any particular tax year exceed the relevant annual exemption threshold. Boost advises all investors to consult their own tax advisor to ascertain the implications (if any) of this information.
Hector McNeil, Co-CEO of Boost commented: “It is just over a year since we listed our first ETPs on the London Stock Exchange and we have made significant strides since then. Included in our achievements are industry awards, breaking through $50m of assets under management, massive increases in trading volumes, adding ETPs covering broad equities and commodities and listing on the Borsa Italiana. Quite a year.
UK Fund Reporting Status confirmation for Boost products is important to UK investors and a significant point of clarity for their tax affairs. 2014 is an exciting year for Boost and we expect to make more advances as the year progresses.”
The full list of Boost ETPs that are covered by the UK Fund Reporting status are: