Related Commentary  

100(1)  This regulation applies if an offshore fund ceases to be a reporting fund and becomes a non-reporting fund.

100(2)  A participant in the fund may make an election to be treated for the purposes of TCGA 1992

(a)as disposing of an interest in the reporting fund at the end of that fund's final period of account, and

(b)as acquiring an interest in the non-reporting fund at the beginning of that fund's first period of account.

This is subject to paragraph (3).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.