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Home / Simons-Taxes /Business tax /Part B5 Specific trades and activities /Division B5.7 Offshore funds /Non-reporting funds / B5.710 Conversion of non-reporting fund

B5.710 Conversion of non-reporting fund

Business tax

If an offshore fund ceases to be a non-reporting fund and becomes a reporting fund (see B5.715), a participant in the fund may elect to be treated as disposing of an interest in the non-reporting fund at its market value on the disposal date

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E5.607 Corporate members

E4.507S Operation of the charge on securities with artificially enhanced market value

B3.325 General exclusions—first-year qualifying expenditure

I7.323 APR and successions

B4.130 Summary of OECD guidelines on arm's length principle

B2.218 Surplus business accommodation

B2.306 General tests for distinguishing between capital and revenue expenditure

I9.325 Foreign pensions free from IHT

E8.810 Application for a National Insurance number

C2.501A Compensation and capital gains tax—overview

A1.810 Limitation

E5.406 Employees of European Union delegations—tax exemptions

I4.562 Sales and mortgages of reversionary interests

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

I8.335 Valuation on death of partner in service

B2.319 Duality of purpose—apportionment of the expenditure

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

D4.104 Company residence and the case law test

I5.1304 Beneficiary with contingent interest

E6.102K Statutory residence test—the definition of a 'home'