IFM13310 - Offshore Funds: participants in offshore funds: participants within the charge to income tax: introduction and contents

The following pages provide guidance to UK resident investors in offshore funds who are chargeable to:

• income tax on the income and distributions arising from investments in offshore funds
• income tax on the offshore income gains arising on disposals of interests in non-reporting funds
• Capital Gains Tax on the capital gains arising on disposals of interests in reporting funds.

1. IFM13320

   Income and distributions: corporate offshore funds
2. IFM13322

   Income and distributions: other non-corporate offshore funds
3. IFM13324

   Tax transparent funds
4. IFM13326

   Reported income: general
5. IFM13328

   Reported income: equalisation
6. IFM13330

   Tax transparent reporting funds
7. IFM13335

   Reporting funds that are constant NAV funds
8. IFM13338

   Non-UK domicile: remittance basis