HMRC has issued a Consultation on authorised contractual schemes (ACS).
Consultation states pension schemes and insurance companies are the main investors in ACS, most investors currently exempt but this consultation is to future proof for taxable investors.
Proposal to allow ACS operators to claim and manage capital allowances for participants.
Proposal to require ACS operators to provide investors with sufficient information to meet their tax obligations.
Previous posts of tax transparent funds are Here.
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