IFM12152 - Offshore Funds: Introduction: Overview of the offshore fund rules: classification of funds
The offshore fund rules only apply to holdings in collective investment vehicles that come within the definition of an 바카라 사이트˜offshore fund바카라 사이트™ as set out at section 355 (1) TIOPA 2010 - see IFM12200 onwards.
UK investors should be able to get this information from their adviser or directly from the fund itself. It is the investor바카라 사이트™s responsibility to ensure that they know whether they hold an investment in an offshore fund, as defined.
Once the UK investor has determined that a particular arrangement is an offshore fund, they will need to determine whether it is a non-reporting fund or a reporting fund. A fund will be a non-reporting fund for a period of account unless Part 3 of The Offshore Funds (Tax) Regulations applies. There is a list of funds that come within the definition of an offshore fund and have successfully applied for reporting fund status on HMRC바카라 사이트™s area of the 바카라 사이트 website. The list is updated monthly.