Moreover, the Assessment Council has announced that filing of gains from unit trust certificates will be scrutinised thoroughly in connection with the tax assessment for 2001 and thus tax payable by unit holders and investors hold the spotlight.
In Focus no. 14, Tax Consultant Kristina Simonsen and Senior Tax Manager Esben Christensen, KPMG Tax, outline the main points of the tax rules for private investors investing available funds in Danish unit trust certificates.
The investors must pay attention to the type of unit trust they have invested in, including whether the unit trust is a certificate based or an account based association. Moreover, in respect of certificate based unit trusts, taxation depends on whether the unit trust is an accumulating or a distributing association and whether it is listed or unlisted.
The authors have systematised the complicated rules via several tables. Read Focus no. 14 here. Questions to the authors of the article can be sent to the e-mail address info@xcse.dk until 28 April 2002.
