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Investment manager exemption: cryptoassets

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HMRC is consulting on the inclusion of cryptoassets in the investment transactions list of asset types used for the purposes of the investment manager exemption (IME) and certain fund tax regimes. The UK government intends to expand the investment transactions list (ITL) used by the IME to provide tax certainty to UK investment managers seeking to include types of cryptoassets within their investors’ portfolios.

The consultation considers the scope for cryptoassets to be included and explores whether to extend their inclusion for the purposes of other tax regimes which also use the ITL. The consultation runs from 23 May 2022 to 18 July 2022.

Issue: 1577
Categories: News