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Offshore AIFs

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11 October 2010
Issue: 4276 / Categories: News , Admin , Investments
A draft secondary legislation has been published by HMRC

HMRC have published draft secondary legislation making alterations to the Authorised Funds (Tax) Regulations 2006 (SI 2006/964) in order to permit authorised investment funds (AIFs) with holdings in non-reporting offshore funds to treat those holdings as if they were holdings in reporting funds in certain circumstances.

This draft legislation is provided for comment in conjunction with the Financial Services Authority proposal for related changes to the regulatory handbook relating to AIFs which is published in the association’s quarterly consultation paper of 6 October.

Comments on HMRC's draft legislation should be sent by 6 December 2010 to John Buckeridge by e-mail.
 

Issue: 4276 / Categories: News , Admin , Investments
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