From PAIFs to RIFS, via CoACSs, REITs and LTAFs. Camilla Spielman (Eversheds Sutherland) examines the changing tax landscape for UK-based property funds.
Since 2010 we’ve seen the creation of one new tax regime for UK authorised property funds (Property Authorised Investment Funds or PAIFs) the introduction of a new type of fund vehicle with special provisions for property (Co-ownership Authorised Contractual Schemes or CoACSs) and one new regulatory status available for property (the long-term asset fund or LTAF). We’ve also seen incremental but transformative changes to the REITs tax regime. Finally considerable work was done towards the establishment of a regulatory and tax regime for unauthorised contractual schemes (the Reserved Investor Fund or RIF) before the change of government and it is hoped that this will come to fruition shortly. This article considers the practical impact of these developments for UK-based property funds.
Property Authorised...
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From PAIFs to RIFS, via CoACSs, REITs and LTAFs. Camilla Spielman (Eversheds Sutherland) examines the changing tax landscape for UK-based property funds.
Since 2010 we’ve seen the creation of one new tax regime for UK authorised property funds (Property Authorised Investment Funds or PAIFs) the introduction of a new type of fund vehicle with special provisions for property (Co-ownership Authorised Contractual Schemes or CoACSs) and one new regulatory status available for property (the long-term asset fund or LTAF). We’ve also seen incremental but transformative changes to the REITs tax regime. Finally considerable work was done towards the establishment of a regulatory and tax regime for unauthorised contractual schemes (the Reserved Investor Fund or RIF) before the change of government and it is hoped that this will come to fruition shortly. This article considers the practical impact of these developments for UK-based property funds.
Property Authorised...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
