The ISA Bulletin keeps ISA managers informed of any new developments relating to the ISA scheme. Please ensure the appropriate people in your organisation read it.
We suggest that you keep Bulletins at the front of your copy of the Guidance Notes for ISA Managers.
This Bulletin contains an article on the New Star International property fund.
Enquiries on this bulletin should be addressed to:
David Taylor
HM Revenue & Customs (SSO Liverpool)
Room 320
Tel: 0151 472 6156
Email: David Taylor
Dealing in the shares of this fund has been temporarily suspended. We are told that some investors hold the shares within their ISA. While the shares are within the first 28 days of suspension they remain qualifying investments for the ISA. New Star has applied to the FSA for an extension of the 28 day limit (specified in COLL 7.2) and the application will be considered in the next couple of weeks. If the FSA grant an extension, the shares will continue to be treated as qualifying ISA investments throughout the period granted.
Please see the New Star Website which contains more information.
Part of the purpose of the ISA Bulletins is to clarify areas of the Guidance
Notes for ISA Managers. If you feel that any aspect of the guidance is unclear
you should contact David Taylor. His telephone number is Tel 0151 472 6156.
