A government department has announced restrictions on certain exchange-traded fund (ETF) strategies to prevent what it calls tax avoidance schemes, arguing that some investors exploit loopholes to defer capital gains taxes. The move comes as part of broader efforts to crack down on "potentially abusive" financial tactics that undermine tax compliance. Officials suggest similar measures could be introduced to address other suspected tax evasion methods in the future. The decision follows concerns that complex ETF structures are being misused to delay or avoid tax liabilities.
Department limits use of ETFs to avoid taxable gains and says it could target other ‘potentially abusive’ tactics
