Status: You are viewing the version of the handbook as on 2009-03-31.

SDRT provision

    a charge of such amount or at such rate as is determined by the authorised fund manager to be made as a provision for stamp duty reserve tax for which the ICVC may become liable under the Stamp Duty and Stamp Duty Reserve Tax (Open-Ended Investment Companies)(Amendment No.2) Regulations 2000 or the trustee may become liable under Schedule 19to the Finance Act 1999 in respect of a surrender of units to the authorised fund manager.5