Commentary

D8.154 Leaving the regime

Corporate tax
Corporate tax | Commentary

D8.154 Leaving the regime

Corporate tax | Commentary

D8.154 Leaving the regime

Where an authorised investment fund ceases to meet the investment condition, the fund manager may elect for the fund to cease to be a FINROF. Such an election can only be made if the FINROF does not meet the investment condition at the date specified in the election and at the date on which the election is made1.

The authorised investment fund must notify its participants within three months that the fund has left the FINROF regime2. The regime nevertheless continues to apply to the participants.

However, the regime will cease to apply to a participant who

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