Closed consultation

Draft regulations: the Co-ownership Contractual Schemes (Tax) Regulations 2024

• From: HM Treasury and HM Revenue & Customs
• Published: 2 April 2024

This was published under the 2022 to 2024 Sunak Conservative government

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Summary

The draft regulations set out tax rules for the Reserved Investor Fund, and make amendments to the tax rules for Co-ownership Authorised Contractual Schemes.

This consultation ran from
midday on 2 April 2024 to 11:59pm on 14 May 2024

Consultation description

At Spring Budget 2024, the government published its response to the earlier Reserved Investor Fund (RIF) consultation and committed to start legislating for the RIF, in Spring Finance Bill 2024, with detailed tax rules to follow in secondary legislation. The government is now publishing draft regulations for consultation, which set out the proposed tax treatment of the RIF. Changes are also being proposed for Co-ownership Authorised Contractual Schemes (CoACS) to ensure that those tax rules work as intended, and to address points raised through the RIF policy consultation.  

The technical consultation will run from 2nd April to 14th May 2024. These regulations will then be finalised once the consultation period has concluded, and may include amendments to reflect stakeholder comments or any further issues identified.

Documents

Draft regulations: the Co-ownership Contractual Schemes (Tax) Regulations 2024

PDF, 1.35 MB, 39 pages

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Published 2 April 2024