Elect an offshore collective investment vehicle for tax exemption on UK capital gains
Find out how to make an exemption election for an offshore collective investment vehicle.
Before making an election, you should read the legislation in .
Who can make the election
You must be the fund manager or authorised to act on behalf of the fund manager to make an exemption election on behalf of a fund.
The fund must be a collective investment vehicle and one of the following:
- a unit trust
- an open-ended investment company
- a contractual arrangement
- a body corporate
Qualifying conditions
To , the fund must be UK property rich (75% or more of the value of the assets disposed of derives from UK land) and meet one or more of the following:
- genuine diversity of ownership condition
- recognised stock exchange and non-close conditions
- UK tax and non-close conditions
What you바카라 사이트檒l need
You바카라 사이트檒l need the:
- fund바카라 사이트檚 name, tax residence or place of establishment, and registered address
- fund바카라 사이트檚 UK Unique Taxpayer Reference (UTR), if held
- name, address and percentage owned by the fund for each entity covered by the election - if the election covers more than 5 entities you바카라 사이트檒l need to upload these details in a document
For each fund participant with one or more relevant disposals made on or after 6 April 2019, you바카라 사이트檒l need to provide their:
- name
- date of birth
- address
- UK UTR, if held
- total relevant disposal value
- total capital gain
- total capital loss
If you are providing disposal details for more than 5 fund participants, you바카라 사이트檒l need to upload these details in a document.
How to make the election
If you already have a 바카라 사이트 Gateway user ID and password .
If you do not have a 바카라 사이트 Gateway user ID and password you should .
After you have made the election
You바카라 사이트檒l receive a confirmation email to let you know that we have received your form.
You바카라 사이트檒l need to register for the Secure Data Exchange Service (SDES) and send exemption election reports to HMRC.
Updates to this page
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Information about who can make an exemption election on behalf of a fund has been updated.
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First published.