SI 2021/1270 The Authorised Investment Funds (Tax) (Amendment) Regulations 2021

Published on: 17 November 2021

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Specialist Tax Statutory Instruments

Article summary

These Regulations amend the Authorised Investment Funds (Tax) Regulations, SI 2006/964 (the AIF regulations) to provide for tax treatment of a new type of authorised fund called the long-term asset fund (LTAF), which targets investment in long-term illiquid assets, following the introduction of rules for these new fund vehicles by the Financial Conduct Authority. They also make provision in relation to the application of Part 3A of the Corporation Tax Act 2010 (companies with small profits) to qualified investor schemes.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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