For immediate release: Monday 16 May 2005

UNIT TRUSTS AND TAX – COMPLETING YOUR TAX RETURN
WHAT YOU NEED TO TELL THE TAXMAN 2004 - 2005

A free guide from the Investment Management Association

The Investment Management Association has updated its free guide ‘Unit trusts and tax. Completing your tax return. What you need to tell the taxman 2004 – 2005’.  The fact sheet aims to help unit trust and OEIC investors understand what information to include in their 2005 tax return.

The guide is presented in a clear, easy-to-follow format which shows investors how to fill in their tax return and uses examples of interest and dividend distribution vouchers as well as excerpts from the Inland Revenue’s tax return form. Helpful hints and a tax checklist include advice on the difference between interest and dividend distributions and the value in keeping detailed records.

Mona Patel, Head of Communications at the IMA commented:

“Many people often find completing their tax return difficult because they are unclear of what to include. Our updated fact sheet makes the process much easier by guiding the investor through this daunting task with actual extracts from the Inland Revenue’s forms.”

Copies of the Guide and other free publications from the IMA can be obtained by calling the Investment FactLine on 020 7269 4639, or from the IMA website at www.investmentuk.org  

A copy of 'Unit trusts and tax' is attached

-Ends-

For further information, please contact:
Helen Stephenson, Communications Officer, IMA, 020 7831 0898

Out of hours contact:
Mona Patel, Head of Communications, IMA, 07834 089332