BH Macro investment trust taxation

[Bgsbgs]

Per their website: “BH Macro Limited is a closed-ended investment company, registered and incorporated in Guernsey”

“BH Macro Limited invests substantially all of its assets (net of short-term working capital) in the ordinary shares of Brevan Howard Master Fund Limited. BH Macro Limited was admitted to the Main Market of the London Stock Exchange on 14 March 2007.“

Does anyone know how it would be taxed? Would gains be taxed at capital gains or would it be treated like a non-reporting offshore fund with gains taxed as income.

[Parky]

I think you will find that shares of Guernsey registered companies listed on the London Stock Exchange are taxed the same as UK registered companies. Some, but not all, are free of stamp duty when you buy them.