For immediate release: Tuesday 13 September 2005

30TH SEPTEMBER TAX RETURN DEADLINE LOOMS
FREE IMA fact sheet explains what you need to tell the taxman

The Investment Management Association (IMA) has a FREE fact sheet �Unit Trusts and Tax� which explains the information that unit trusts and OEIC investors are required to report to the Inland Revenue on their 2004-2005 Tax Returns.

The fact sheet outlines in an easy-to-understand format, how investors should complete their tax return and explains clearly what information should be included. Using excerpts from the Inland Revenue�s tax return form, the fact sheet also shows how to declare both interest and dividend distributions and explains the tax implications for basic and higher rate taxpayers.

The fact sheet addresses some of the most frequently asked questions and contains a useful tax checklist to ensure investors have the relevant information to hand when completing their form. 

Mona Patel, Head of Communications at the IMA, commented:

�Completing a tax return can be an arduous task. Investors however, should not be put off, as IMA�s fact sheet uses clear and concise examples to ensure that investors have all the information they need to hand to make the procedure straightforward.�

Copies of �Unit Trusts and Tax� and other free publications from the IMA are available both online at www.investmentuk.org/fact_sheets or in hard copy format by calling the Investment FactLine on 020 7269 4639. 

Unit trusts and tax attached

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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