Time running out to shift equity assets to ASK accounts in Norway warns VFF

Norwegians seeking to take advantage of the tax wrapper status of equity assets held within the so called Aksjesparekonto (ASK, equity savings account) are running out of time, the Norwegian Fund and Asset Management Association (VFF) has warned. Some NOK100bn has already been shifted into such accounts, but a third of equity fund capital still resides outside, according to new market figures. The deadline is 1 December, for those who wish to shift equity assets into an ASK account from another without paying capital gains tax. This follows a transition period that has been in place s...