Investment Management Exemption and Collective Investment Schemes: expanding the “white list”
Consultation on proposals to expand the "white list" within secondary legislation governing the investment manager exemption, authorised investment funds, investment trust and offshore reporting funds.
Detail
The white list provides certainty that specified transactions will not be treated as trading activities and also acts to determine the types of investment transactions that may qualify for the investment manager exemption.
The Government announced at Budget 2013 that it would consult on proposals to expand the white list. HM Revenue & Customs (HMRC) are asking for views on the scope of the extension.
HMRC would like to hear in particular from tax practitioners, fund managers, representative bodies, administrators and other interested parties.
Documents
Investment Management Exemption and Collective Investment Schemes: expanding the “white list”application/pdfInvestment Management Exemption and Collective Investment Schemes - expanding the 'white list' - Result of consultationapplication/pdfStatutory Instruments 2014 No. Income Tax Corporation Tax - The Investment Transactions (Tax) Regulations 2014application/pdfCorporation Tax Income Tax - The Investment Manager (Investment Transaction) Regulations 2014application/pdf