Split Capital Investment Trusts
Split-capital investment trusts (splits) are a type of investment trust that sell different sorts of shares to investors depending on whether they are looking for capital growth or income. They run for a fixed term. The shares will have varying levels of risk, as some investors will be ahead of others in the queue for money when the trust comes to the end of its term.
The tax position is largely the same as for open-ended investment funds. You should be aware that tax legislation changes constantly and you should find out the most current position.
For more information on split capital investment trusts speak to an independent financial advisor in the investment advice team from one of our partner firms for a no obligation consultation.
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