The Authorised Investment Funds (Tax) (Amendment) Regulations SI 2012/1783 will come into force on 1 August 2012. The regulations are intended to facilitate conversion of an existing suitable fund to a property authorised investment fund (PAIF) by providing that no tax charge on capital gains arises on the transfer of units between the PAIF and its feeder fund in certain circumstances.
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The Authorised Investment Funds (Tax) (Amendment) Regulations SI 2012/1783 will come into force on 1 August 2012. The regulations are intended to facilitate conversion of an existing suitable fund to a property authorised investment fund (PAIF) by providing that no tax charge on capital gains arises on the transfer of units between the PAIF and its feeder fund in certain circumstances.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
