Commentary

C2.1170 Property rich collective investment vehicles—notification requirements in relation to a deemed disposal

Capital gains tax
Capital gains tax | Commentary

C2.1170 Property rich collective investment vehicles—notification requirements in relation to a deemed disposal

Capital gains tax | Commentary

C2.1170 Property rich collective investment vehicles—notification requirements in relation to a deemed disposal

Fund managers are required to notify participators of certain circumstances where a deemed disposal has occurred and the participators may not be aware of the disposal. The notification must be made where1:

  1.  

    •     there is a deemed disposal because a return of value is made to investors which is revenue in nature and does not fall to be taken into account for the purposes of income tax or corporation tax

  2.  

    •     there is a deemed disposal because the exemption election has been revoked by either the fund

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