For immediate release: Thursday 31 August 2006

ONE MONTH TO GO
2005-2006 Tax Return deadline looms

With only 30 days to go before the 30th September deadline for completing your tax return, IMA has produced a free guide “Unit Trusts and Tax.  Completing your Tax Return.  What you need to tell the Taxman 2005-2006.”

The four page fact sheet is designed to help unit trust and OEIC investors understand what information to report to the Inland Revenue when filling in their 2006 tax return.

Complete with extracts from the Inland Revenue’s 2006 tax return form, the fact sheet is clear and simple to follow and answers frequently asked questions such as, “What is the difference between interest and dividend distributions?” and “Do I need to declare income from investments in an ISA?”.

Mona Patel, Head of Communications at IMA explains:

“Many investors are uncertain about what to report in their tax return.  IMA’s fact sheet is designed to make life easier for these investors by explaining which key information to include.  A checklist helps to ensure that the investor gathers together all of the documentation they require to complete the form as quickly as possible.”

A copy of “Unit Trusts and Tax. Completing your tax return. What you need to tell the taxman 2005-2006” is attached.

-Ends-

For further information, please contact:
Mona Patel, Head of Communications, IMA, 020 7831 0898

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

Notes to Editors:
Copies of the free fact sheet can be obtained from the IMA’s Investment FactLine on 020 7269 4639, or from the IMA website at: www.investmentuk.org/investors