Daniel Hawthorne

Financial Services Tax – UK Update from Dechert’s Tax Group: Rule Changes Yield Mixed Blessings for UK Investors in Offshore Funds

UK investors in closely held offshore funds can be directly liable for tax if the fund makes a gain on an underlying asset even if the gain is reinvested by the fund and not distributed to the investor. There is also the...more

2/11/2013 - Capital Gains Double Taxation Investors Liquidation Offshore Funds Privately Held Corporations Section 13 Taxation of Chargeable Gains Act 1992