anthony dunlop

I invested in a three year property growth bond issued by a UK developer. The developer stated in the IM that the growth, 30% of the investment payable at the end of 3 years, was subject to CGT. I questioned this and was advised this was confirmed by the developer's tax specialist and, additionally, the growth would not be subject to withholding tax. I'm not so sure as I think it is subject to income tax - if so is it also subject to withholding tax? The developer will not share the tax advice it received. Who is correct? It seems to me that would represent a serious misrepresentation if the developer was incorrect.

I invested in a 3-year property bond issued by a Developer to fund the construction of new houses. 'Growth' of 30% is paid when the bond matures. As there a risk of losing the investment and it is not covered by the FCA the Developer's tax advisors considers the growth is subject to CGT not Income tax is this correct?