Melville Rodrigues (Apex Group) and Naomi Lawton (Allen & Overy) provide an overview of the new regime that offers additional flexibility and plugs a gap in the UK’s existing fund range.
As part of the government’s Spring Budget the UK government has confirmed the introduction of a new Reserved Investor Fund (Contractual Scheme) (RIF) structure to be marketed to professional and specified retail investors. The announcement was accompanied by the publication of draft enabling legislation included in Finance (No. 2) Bill 2024 (F(No.2)B 2024). The government subsequently published a draft statutory instrument the Co-ownership Contractual Schemes (Tax) Regulations 2024 (the draft regulations) which sets out the detailed tax rules governing the tax treatment of RIFs.
The UK funds industry has widely welcomed the new regime which will offer important additional flexibility and plug a gap in the UK’s existing fund range. The introduction of...
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Melville Rodrigues (Apex Group) and Naomi Lawton (Allen & Overy) provide an overview of the new regime that offers additional flexibility and plugs a gap in the UK’s existing fund range.
As part of the government’s Spring Budget the UK government has confirmed the introduction of a new Reserved Investor Fund (Contractual Scheme) (RIF) structure to be marketed to professional and specified retail investors. The announcement was accompanied by the publication of draft enabling legislation included in Finance (No. 2) Bill 2024 (F(No.2)B 2024). The government subsequently published a draft statutory instrument the Co-ownership Contractual Schemes (Tax) Regulations 2024 (the draft regulations) which sets out the detailed tax rules governing the tax treatment of RIFs.
The UK funds industry has widely welcomed the new regime which will offer important additional flexibility and plug a gap in the UK’s existing fund range. The introduction of...
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:
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