Hipgnosis drops Guernsey home as it achieves investment trust status

UK residency for tax purposes settled

James Baxter-Derrington
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Hipgnosis founder Merck Mercuriadis
Image:

Hipgnosis founder Merck Mercuriadis

Hipgnosis Songs fund has received approval for its application to become a UK resident investment trust company.

From today (1 April), Hipgnosis will cease to be a Guernsey tax exempt vehicle and will instead be "treated as being resident in the UK for tax purposes". Hipgnosis urged to use equity raise prospectus...

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