Tax

Time for a new onshore professional fund?

Published on 7th Oct 2020

Tracey Wright and Alison Riddle explore this new proposal for Estates Gazette magazine

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The Association of Real Estate Funds (AREF) has proposed a new type of Professional Investors Fund (PIF) which aims to offer an onshore alternative to current offshore structures used to hold UK real estate. It would be unlisted, tax-transparent and have tradeable units, and would not itself be required to be authorised for UK regulatory purposes.

Osborne Clarke's head of real estate tax, Tracey Wright, and Alison Riddle, a partner in the financial institutions group, explore the proposal, its advantages and challenges in this article for Estates Gazette magazine (requires EGi subscription)

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* This article is current as of the date of its publication and does not necessarily reflect the present state of the law or relevant regulation.

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