31 Oct 2019
Tax and Finance
BPF Response: NRCGT, property rich fund regulations
We submitted comments to HMRC on the draft NRCGT regulations relating to the treatment of property rich funds. We made a number of recommendation to ensure that there are no technical barriers to eligible investors making appropriate elections. In addition, we continue to stress the importance of functionality in the rules to allow funds to perform tax compliance and make payments of tax on behalf of their investors.