Funds

Funds guidance:

A tax elected fund (TEF) is an authorised investment fund (AIF) that meets certain conditions and whose application to be treated as a TEF is accepted by HMRC. For more...

Practice Note

This Practice Note covers a type of UK authorised investment fund called authorised contractual schemes (ACSs). It provides a description of the two different legal forms...

Practice Note

This Practice Note examines the taxation of investors in open-ended investment companies (OEICs) and authorised unit trusts (AUTs) that are within the charge to UK...

Practice Note

This Practice Note examines the taxation of investors in open-ended investment companies (OEICs) and authorised unit trusts (AUTs) that are within the charge to UK income...

Practice Note

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...

Practice Note

This Practice Note examines the genuine diversity of ownership (GDO) condition which certain authorised investment funds (AIFs) must satisfy in order to access beneficial...

Practice Note

An authorised investment fund (AIF) is a variety of collective investment scheme (CIS). It is important to understand what a CIS is before considering authorised...

Practice Note

[Team Leader] [insert HMRC address] [insert date] Application for clearances in advance under [section[s] 138[ and 139(5)] Taxation of Chargeable Gains Act 1992][ and...

Precedents

This Practice Note describes the tax code applicable to fund managers—the disguised investment management fee (DIMF) rules. In particular, it highlights: • how management...

Practice Note

Click here to download the latest Fund Management 2019 report, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions are covered in...

Practice Note

This Practice Note: • illustrates the partnership structure of a typical onshore limited partnership fund • explains what carried interest is, and • describes the tax...

Practice Note

This Practice Note sets out how the investors in a typical UK private equity fund might be subject to UK taxation on their share of the fund's profits. One of the reasons...

Practice Note

The income-based carried interest (IBCI) rules form part of the legislation which governs the tax treatment of rewards received by fund managers. The IBCI rules attempt...

Practice Note

A 'non-reporting offshore fund' is any fund falling within the definition of an offshore fund within section 355(1) of the Taxation (International and Other Provisions)...

Practice Note

Background to the offshore funds rules Specific tax legislation for offshore funds was initially introduced in 1984. Before that time, UK investors in non-UK investment...

Practice Note

This Practice Note examines a number of additional tax issues that should be considered in relation to hedge fund structuring that are not specifically dealt with, or not...

Practice Note

In order for a Property Authorised Investment Fund (PAIF, or, as HMRC refers to them in regulations and its published guidance, Property AIF) to operate within the PAIF...

Practice Note

As well as ensuring they continue to meet the conditions for the tax regime under which they operate, Property Authorised Investment Funds (PAIFs, or, as HMRC refers to...

Practice Note

The intention of the tax regime for property authorised investment funds (PAIFs, or, as HMRC refers to them in regulations and its published guidance, Property AIFs) is...

Practice Note

The tax regime for Property Authorised Investment Funds (PAIFs, or, as HMRC refers to them in regulations and its published guidance, Property AIFs) is designed to create...

Practice Note

The regime for property authorised investment funds (PAIFS, or as HMRC refers to them in regulations and its published guidance, Property AIFs) applies to UK open-ended...

Practice Note

The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced in 2008. It created...

Practice Note

STOP PRESS relating to calculation of reportable income: As announced at Autumn Statement 2016, regulations were introduced with effect for reporting periods commencing...

Practice Note

This Practice Note describes how to apply for reporting offshore fund status, the effect of entering the reporting fund regime and the process for obtaining clearance...

Practice Note

In order to retain its reporting fund status, a reporting fund must comply with certain obligations. This Practice Note describes the regulations that apply to: • the...

Practice Note

This Practice Note describes: • the reports that reporting funds must make available to certain of their investors, for each reporting period, to enable those investors...

Practice Note
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