The Authorised Investment Funds (Tax) (Amendment) Regulations, SI 2012/1783, will come into force on 1 August 2012. The regulations are intended to facilitate conversion of an existing suitable fund to a property authorised investment fund (PAIF) by providing that no tax charge on capital gains arises on the transfer of units between the PAIF and its feeder fund in certain circumstances.
The Authorised Investment Funds (Tax) (Amendment) Regulations, SI 2012/1783, will come into force on 1 August 2012. The regulations are intended to facilitate conversion of an existing suitable fund to a property authorised investment fund (PAIF) by providing that no tax charge on capital gains arises on the transfer of units between the PAIF and its feeder fund in certain circumstances.
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