HMRC have updated their guidance Approved offshore reporting funds.
This is a list of offshore funds that have successfully applied to HMRC for reporting fund status.
The list has been updated to include the funds that have entered the Reporting Fund Regime as of 6 November 2023.
Accountants EY publish a useful guide to the relevance and practicalities of such funds.
https://www.gov.uk/government/publications/offshore-funds-list-of-reporting-funds
Related content from Claritax Books
This substantial volume on Financial Planning with Trusts, jointly written by John Woolley and Marcia Banner, looks at a wide range of topical tax and financial planning strategies using trusts. The book includes CGT, income tax and IHT.
Examples of the topics covered include (among many others) lifetime IHT planning; family investment companies as alternatives to trusts; offshore trusts; trusts and deeds of variation; trustee investment strategies; death benefits under registered pension schemes; by-pass trusts; asset protection trusts; personal injury trusts; money laundering and the Trust Registration Service.
