Expanding the Investment Transactions List for the Investment Management Exemption and other fund tax regimes
We welcome views on the inclusion of cryptoassets in the Investment Transactions List of asset types used for the purposes of the Investment Manager Exemption (IME) and certain fund tax regimes.
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The government announced on 4 April 2022 its intention to expand the Investment Transactions List (ITL) used by the Investment Manager Exemption (IME) to provide tax certainty to UK investment managers seeking to include types of cryptoassets within their investors’ portfolios.
HM Revenue and Customs (HMRC) would like to work with stakeholders to determine the scope of cryptoassets to be included and explore whether to extend the inclusion for the purposes of other tax regimes which also use the ITL.
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