Camilla Spielman, Senior Associate at Eversheds, outlines the current direct tax position of UK authorised investment funds
Camilla Spielman Senior Associate at Eversheds outlines the current direct tax position of UK authorised investment funds
The underlying principle of funds taxation should be that those investing in an asset class should be in broadly the same position and certainly no worse off than if they had invested in it directly. Over the years a large number of specialised UK tax regimes have grown up in order to deliver this for predominantly UK investors. The shape of the international regulated funds industry has meanwhile been changing however with ever-increasing challenges from other European fund centres especially Luxembourg and Dublin. It is now possible under European Union rules to form funds that...
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Camilla Spielman, Senior Associate at Eversheds, outlines the current direct tax position of UK authorised investment funds
Camilla Spielman Senior Associate at Eversheds outlines the current direct tax position of UK authorised investment funds
The underlying principle of funds taxation should be that those investing in an asset class should be in broadly the same position and certainly no worse off than if they had invested in it directly. Over the years a large number of specialised UK tax regimes have grown up in order to deliver this for predominantly UK investors. The shape of the international regulated funds industry has meanwhile been changing however with ever-increasing challenges from other European fund centres especially Luxembourg and Dublin. It is now possible under European Union rules to form funds that...
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