- Collective investments reform—a step in the right direction?
- Original news
- What do the new rules on the tax treatment of the contractual fund vehicle seek to achieve?
- The UK’s tax regime for collective investment has been undergoing upheaval since 2006—do you think that process is now complete?
- How successful has the overhaul been?
- In the light of the current debate on tax avoidance and some campaigners labelling the UK as a tax haven, is the focus on enhancing the UK as a place for funds to locate to appropriate/problematic?
- Do you think existing non-UK funds (eg hedge funds) could consider setting up in or relocating to the UK as a result of the ‘new’ regime?
- Will we ever see an authorised, UK-based, hedge fund?
- What are the main advantages and disadvantages of locating authorised funds in the UK?
- In the light of ‘The UK investment management strategy’ published with the Budget 2013, how do you envisage the regime evolving and how could it be further improved?
Tax analysis: Tim Cornick and Andrew Loan, partners at Macfarlanes LLP, consider the UK’s tax regime for collective investment schemes and suggest that although a lot of work has been done to make the regime more attractive, there is still much to do.
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