Draft legislation: the Co-ownership Authorised Contractual Schemes (Tax) Regulations 2017
This draft legislation introduces new legal requirements on the operator of a co-ownership authorised contractual scheme (CoACS) provide certain tax information both to investors in the scheme and to HM Revenue and Customs.
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This draft legislation also introduces new legal requirements where a co-ownership authorised contractual scheme has made an investment in an offshore fund that certain amounts must be treated as the income of participants in the CoACS.