UK Taxation of Offshore Funds (and how to include offshore income and gains on your SA tax return)

Some UK resident investors buy units in offshore funds that don't distribute income and aren't aware of the UK taxation implications of owning units in such investments. This presentation aims to provide investors with sufficient information to understand their potential income tax and capital gains tax charges that could arise. Timecodes: 0:00 - Introduction 1:08 - The problem 1:46 - Legislation 2:36 - Reporting fund status 3:12 - Excess reportable income 4:45 - Example 1 5:52 - Reporting fund effective date and investor election 7:07 - Example 2 8:28 - Fund unit losses at conversion date 8:52 - Identifying offshore funds [email protected] www.tomschan.co.uk