Aberdeen Asian Income trust eyes UK tax residency

£1.5m total tax expenses for first half of the year

clock • 1 min read
The trust is hoping to move its tax residency to the UK
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The trust is hoping to move its tax residency to the UK

The £492.2m Aberdeen Asian Income trust is looking to migrate its tax residence to the UK from Jersey to avail of lower rates, after it had total expenses of £1.5m for the first six months of the year.

In a stock exchange announcement the board said it had been advised it can "access lower rates of withholding tax" as a UK tax resident because of "a greater number of double tax treaty agreements between...

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