HMRC’s technical note on RIFs

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HMRC’s technical note on RIFs

This article was originally published in the 17 October 2025 edition of Tax Journal

October 27, 2025

United Kingdom
United Kingdom
United Kingdom

In an article published in Tax Journal, Camilla Spielman examines HMRC’s recent technical note on Reserved Investor Funds (RIFs), a new form of UK unauthorised investment fund. The note, which is intended to assist RIFs and their investors, is based on the legislation in the Co-ownership Contractual Schemes (Tax) Regulations, SI 2025/200.

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Camilla Spielman

Legal Director

United Kingdom

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