The following Tax guidance note Produced in partnership with Camilla Spielman of Eversheds Sutherland provides comprehensive and up to date legal information covering:
This Practice Note looks at the rules that apply to the taxation of authorised investment funds (AIFs), which is the collective term used for certain authorised and regulated funds which take the form of either open-ended investment companies (OEICs) or authorised unit trusts (AUTs). This Practice Note does not consider the taxation of authorised contractual schemes (ACSs).
For the tax treatment of investors in an AIF (as opposed to the taxation of the fund itself), see Practice Notes:
AIFs—taxation of corporate participants, and
AIFs—taxation of individual participants
For the types of funds that meet the definition of an AIF and an overview of the relevant regulatory framework, see Practice Note: Authorised investment funds (AIFs)—what are they?
For the taxation of Property AIFs (PAIFs), a special category of AIFs, see Practice Note: PAIFs—taxation of the scheme. For the rules applying to another special category of AIFs, known as tax elected funds (TEFs), see Practice Note: AIFs—tax elected funds.
Most of the tax rules applicable to AIFs are contained in the Authorised Investment Funds (Tax) Regulations 2006, SI 2006/964 (AIF (Tax) Regs). In addition, some key rules are contained in the Corporation Tax Act 2010 (CTA 2010) and the Taxation of Chargeable Gains Act 1992 (TCGA 1992).
The term ‘authorised investment funds’ (AIFs) is used in
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.