Brookwell Limited Reporting Fund Status (7928R)
22 Novembre 2012 - 12:40PM
UK Regulatory
TIDMBKWD
RNS Number : 7928R
Brookwell Limited
22 November 2012
Brookwell Limited
Annual reporting requirements in respect of Reporting Fund
Status
Brookwell Limited ("the Company") announces that as per the
statement in the Company's Annual Report for the year ended 30 June
2012, its D Shares have been accepted by HM Revenue and Customs
("HMRC") as a reporting fund under The Offshore Funds (Tax)
Regulations 2009. The directors consider it in the interests of the
D Shareholders for the Company to hold such status. Under this
regime, the general position is that gains realised by UK resident
investors on the disposal of an interest in a reporting fund will
be taxed under capital gains rather than income, although such
investors will be taxable on any reportable income of the fund on
an annual basis. The Company appointed Grant Thornton UK LLP to
prepare its initial application and subsequent reporting income
calculations to the HMRC.
As part of the Company's ongoing obligations as a reporting
fund, it must announce its "reporting income", for the year ended
30 June 2012. Details of this are provided below:
a) the amount of income distributed to investors per unit of
interest in the fund
Nil
b) the excess amount of reportable income per unit of interest
in the fund in excess of the amount distributed
Nil
c) the dates on which distributions were made
Not applicable
d) the fund distribution date
31 December 2012
The Company confirms that it remains a reporting fund on the
date of issue of this advice.
For further information please contact:
Brookwell Limited
Tom Lancaster-King Tel: 01481 726 034
Progressive AIM Realisation Limited (Investment manager)
Robert Legget Tel: 020 7566 5550
Deloitte Corporate Finance (Nominated adviser)
James Lewis / Paul Zimmerman Tel: 020 7936 3000
Marshall Securities Limited (Broker)
John Webb Tel: 020 7490 3788
22 November 2012
Website: www.brookwelllimited.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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