Tolley's Taxation of Collective Investment 5th Edition


SOURCE CURRENCY: Fifth Edition, published May 2024

Now in its Fifth Edition, Tolley’s Taxation of Collective Investment has been fully updated to provide useful advice and wide-ranging coverage on the taxation of collective investment vehicles and investors in those vehicles. The user-friendly, practical format explains in clear detail the taxation of the different collective investment vehicles available and examines the taxation issues affecting investors in the schemes. This book provides unique coverage of the spectrum of different UK collective investment vehicles, and how those might be applied to different assets classes such as private equity and real estate. It also considers the potential tax implications for the investor, thereby also providing a valuable starting point for research when investigating how to structure investment in the most tax-efficient manner. The authors, who are all experts in their respective fields, are drawn from leading accountancy firms, City law firms and the financial services industry itself. The editor has over thirty years’ experience of this area, both as an external adviser and working in the financial services industry. He has also contributed to the tax work of several industry bodies and their tax committees. This is an invaluable handbook for those who work in the area of investment management, both within the industry and outside of it, including tax accountants and solicitors. Professional advisers who work with clients who may be fund operators, institutional investors or individual investors will find it essential reading in that it provides accessible coverage and indicates potential pitfalls for those who are not experts in this area. The new edition incorporates changes to collective investments tax legislation affecting all onshore and offshore funds up to Finance (No. 2) Act 2023 and considers the draft legislation that has become Finance Act 2024.