Specialist Tax Statutory Instruments
These聽Regulations聽are made to set out聽tax聽rules for a new type of investment fund,聽the聽Reserved Investor Fund (Contractual聽Scheme) (RIF), and its investors. In addition, they make minor changes to聽the聽tax聽rules for聽Co-ownership聽Authorised聽Contractual聽Schemes聽(CoACS), a similar type of investment fund.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
VAT on property disposalsThis guidance note provides an overview of the VAT treatment of selling property that is located in the UK. The UK includes Great Britain, Northern Ireland and the territorial sea of the UK. The sale of any land or building located outside the UK is outside the scope of UK
Sales, advertising and marketingExpenditure on sales, advertising and marketing activities may include amounts which are disallowable for the purposes of calculating trading profits. This may be because the expenditure is:鈥apital in nature (see the Capital vs revenue expenditure guidance note)鈥ot
Exemption 鈥� insurance 鈥� overviewThis guidance note provides an overview of the VAT treatment of insurance products and should be read in conjunction with the Insurance 鈥� specific transactions and Exemption 鈥� insurance 鈥� brokers and agents guidance notes.Is insurance exempt from VAT?Supplies of
