Investegate |Quilter PLC Announcements | Quilter PLC: Sale of Quilter International
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Quilter sells international business to Utmost Group for £483m
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Quilter International CEO says it’s ‘music to much of the industry’s ears’ but ‘not out of the woods yet’
Following considerable lobbying by international life insurers and their representative bodies, the UK government quietly confirmed on 2 March that they would not be subject to a capital gains charge on the disposal of investments in UK property rich investment funds.
HM Revenue & Customs introduced a CGT charge on non-resident investors in UK property rich collective investment vehicles in April 2019.
But it only really came to widespread attention when three industry chief executives; Peter Kenny (Quilter International), David Kneeshaw (RL360) and Mike Foy (Utmost), discussed it at an