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Investment Funds Tax

Our investment funds team works across various types of collective investment vehicles set up to manage a wide range of investors' money. We advise leading players in the financial services market, particularly with regard to new fund products and services. Our lawyers work closely with clients to ensure that an investment in a fund won't give rise to a higher tax cost for the investor than a direct investment in the fund's underlying investment. We advise on various forms of investment funds including authorised unit trusts, open-ended investment companies, limited partnerships, offshore trusts and offshore companies.


Notable deals and highlights

  • We advised on the merger of two offshore funds and arranged new legislation to permit the merger of a non-reporting fund with a reporting fund without crystallization of offshore income gains.
  • We advise on methods of mitigating income tax on individual limited partners in property limited partnerships.
  • The team has advised on the conversion of property funds into PAIF.
  • We advised on all UK tax aspects of the merger of UK AIF into a sub-fund of an overseas umbrella fund.
  • Our team formed part of a HM Treasury tax group concerning FAIFs.
  • We worked with HM Revenue & Customs on an industry practitioners' sub-committee considering the implementation of FATCA in the UK.