INTM162126 - UK residents with foreign income or gains: certificates of residence: for UK registered pension schemes: registered pension schemes pooled together through a common investment fund (CIF)
Registered pension schemes may sometimes pool some or all of their investments into a common investment fund (CIF). The CIF itself is not liable to tax in the UK and therefore is not a resident for the purpose of the UK바카라 사이트™s double taxation agreements (DTAs).
HMRC cannot issue certificates of residence in the name of the CIF, but we can confirm whether the pension schemes, trustees or other persons who are liable to tax on the CIF바카라 사이트™s income are UK resident. When making a request in respect of a CIF the authorised applicant must provide a schedule of the participating registered pension schemes, setting out for each -
- the name of scheme
- UTR
- whether it is a trust, non-trust or other status (specify).
A certificate of residence may be issued using the following wording, listing the registered pension schemes that are members of the CIF under the appropriate bullets:
바카라 사이트œThe collective investment fund of 바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦ is not itself resident in the UK for the purposes of the UK/[name of other state] Convention.
However, I certify that to the best of HMRC바카라 사이트™s knowledge, as at [date]
· the scheme(s) listed below:
- [Name of Registered Pension Scheme]
is/are resident in the UK,
· the Trustees of the scheme(s) listed below:
- [Name of Registered Pension Scheme]
constitute a body/bodies of persons resident in the UK,
· and the following persons:
- [name and capacity of person 바카라 사이트“ such as 바카라 사이트˜company name as provider of the바카라 사이트¦ [name of Registered Pension Scheme]바카라 사이트™]
is/are resident in the UK
in accordance with Article [number applicable to residence - usually 4] of the Convention in force between the UK and [name of other state].바카라 사이트
If all of the investors in the CIF are UK resident, the wording above can be replaced with:
바카라 사이트œThe collective investment fund of 바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦바카라 사이트¦ is not itself resident in the UK for the purposes of the UK/[name of other state] Convention.
However, I certify that to the best of HMRC바카라 사이트™s knowledge, the investor(s) as at [date] is/are resident in the UK in accordance with Article [number applicable to residence - usually 4] of the Convention in force between the UK and [name of other state].바카라 사이트
Following the Competent Authority Agreement dated September 2014 between the UK and the Netherlands, some CIFs established in the UK may be able to claim benefits under the UK/Netherlands DTA in their own right. Where a CIF is established in the UK and all the investors are pension schemes, charity organisations or other investors which qualify for benefits under the UK/Netherlands DTA, a certificate of residence may be issued using the following wording:
바카라 사이트œI certify that to the best of HM Revenue & Customs바카라 사이트™ knowledge [name of CIF] as at [date] is a UK Common Investment Fund within the meaning of the Competent Authority Agreement between the UK and Netherlands of September 2014.바카라 사이트