As per the Authorised Investment Funds (Tax) (Amendment) Regulations, SI 2013/1772, annual payments to participants in an alternative investment fund will not be classed as qualifying annual payment under the Income Tax Act 2007, from 7 August 2013, provided they are charged to income tax under t
As per the Authorised Investment Funds (Tax) (Amendment) Regulations, SI 2013/1772, annual payments to participants in an alternative investment fund will not be classed as qualifying annual payment under the Income Tax Act 2007, from 7 August 2013, provided they are charged to income tax under the Income Tax (Trading and Other Income) Act 2005 and fulfil other conditions. This forms part of the government’s measures to remove the duty to withhold tax from ‘rebates’ of the Annual Management Charge in most cases where these payments are made to investors not UK resident for tax purposes.
In addition, HMRC has published a consultation, Interest distributions from Authorised Investment Funds paid without deduction of tax, which will be open for comment until 16 September 2013.
As per the Authorised Investment Funds (Tax) (Amendment) Regulations, SI 2013/1772, annual payments to participants in an alternative investment fund will not be classed as qualifying annual payment under the Income Tax Act 2007, from 7 August 2013, provided they are charged to income tax under t
As per the Authorised Investment Funds (Tax) (Amendment) Regulations, SI 2013/1772, annual payments to participants in an alternative investment fund will not be classed as qualifying annual payment under the Income Tax Act 2007, from 7 August 2013, provided they are charged to income tax under the Income Tax (Trading and Other Income) Act 2005 and fulfil other conditions. This forms part of the government’s measures to remove the duty to withhold tax from ‘rebates’ of the Annual Management Charge in most cases where these payments are made to investors not UK resident for tax purposes.
In addition, HMRC has published a consultation, Interest distributions from Authorised Investment Funds paid without deduction of tax, which will be open for comment until 16 September 2013.
