The Treasury Minister has made it clear that he has no intention to introduce a capital gains tax following the removal of the attribution regime for individuals.
ARI will be abolished after tomorrow.
Although there will be no capital gains tax a Tax Liason Committee have been working with the Treasury to look into the areas of practice that remain unclear, in relation to the taxation of corporate distributions.
Treasury Minister Eddie Teare has said it is now important they demonstrate to current and potential investors how company distributions will be taxed in various situations.
Braddan Commissioners to make offer on former Bee Gees home
Major Liverpool docks regeneration plans unveiled
New powers proposed for housing authorities
Kids invited to create Manx-inspired friendship bracelets
37 babies born at the Jane last month
Court rejects fraudster's freemason conspiracy claims
Government working to refresh economic strategy
Drone ban for skateboarding championship
Comments
Add a comment