Taxation Of Collective Investment Schemes
The last 12 months have seen significant tax developments for Collective Investment Schemes (CIS). This conference offers you a timely opportunity to update your understanding of these issues.
The new Offshore Funds Regime
The new Offshore Funds Regime became effective on 1 December 2009, the effect being that UK resident investors in an offshore fund may be taxed on gains on the disposal of their interest in the offshore fund as income rather than capital gain.
Budget announcements from HMRC CIS Team
As part of the Government’s campaign to encourage investment in the UK and reliance on the expertise in the UK financial sector, a number of positive announcements were made about possible changes to CIS - hear the latest on the Budget announcements first hand from the HMRC CIS Team.
Property Authorised Investment Funds (PAIFs)
More immediately, the new tax regime for Property Authorised Investment Funds (PAIFs) is now effective, and there will shortly be changes to the tax regulations to allow for Funds of Alternative Funds (FAIFs). Hear first hand how Royal London Asset Management implemented such a regime – the only PAIF to have been launched to date in the UK.
