HM Revenue & Customs and HM Treasury are introducing new tax rules for the Reserved Investor Fund (RIF), a financial structure for co-ownership investment schemes, through draft regulations and consultation on tax treatment. The policy also addresses financial promotion exemptions for high net worth and sophisticated investors, and relates to the broader overseas funds regime. This is an active tax policy initiative with draft statutory instruments and consultation documents recently published.
In response to: Reserved Investor Fund
This tax information and impact note introduces the tax rules for the Reserved Investor Fund.
This technical note explains the application of the non-resident capital gains rules to collective investment vehicles and investors in those vehicles.
This draft legislation introduces new legal requirements on the operator of a co-ownership authorised contractual scheme (CoACS) provide certain tax information both to investors in the scheme and to HM Revenue and Customs.
Draft legislation for investors in a co-ownership authorised contractual scheme (CoACS) or and offshore transparent fund who disposes of units in the fund should compute the chargeable gain.
This tax information and impact note applies to operators of co-ownership authorised contractual schemes (CoACS) and investors in CoACS.