USA Recording details
HMRC is progressing with the introduction of the Reserved Investor Fund (RIF), and has just closed the consultation on draft legislation. The purpose of this legislation is to create a new UK unauthorised contractual scheme as an alternative to existing UK fund structures. It is intended to be more flexible and less expensive. It will be targeted at professional and institutional investors, and will allow investors to be in broadly the same position as if they held the underlying assets directly.
In this recording our experts discuss the practical implications of this new fund and, tax features including stamp duty land tax seeding and the interaction with non-resident capital gains tax legislation.
During the recording we will:
- Provide an overview of the three types of RIF (UK property rich RIF, exempt investor RIF and a non-UK property RIF).
- Broadly discuss the tax implications of entering and operating within the RIF regime.
- Outline the interaction with other UK property structures.
Speakers
Jason Dunlop
Business tax
Jason is a Partner in the Real Estate Tax team at Evelyn Partners. He advises domestic and overseas clients seeking to invest in, develop, finance, operate and exit real estate investments in the UK and internationally.
Robert Williams
Business tax
Robert is a Director in the Real Estate Tax team at Evelyn Partners. Robert previously spent over 8 years working in Real Estate Tax teams within the Big 4 and has specialised in advising domestic and overseas clients on Real Estate M&A and the tax services required by investors in connection with the acquisition of entities owning real estate, including tax due diligence, tax structuring, SPA advice and tax forecasting / modelling, as well as tax advisory issues and annual compliance obligations throughout the investment lifecycle.
