Authorised contractual schemes: tax | Practical Law

Authorised contractual schemes: tax | Practical Law

Authorised contractual schemes (ACSs) (previously referred to as tax transparent funds) can be established as either limited partnerships or co-ownership schemes. They were introduced in 2013 to facilitate the establishment of UCITS master funds. This practice note discusses the tax treatment of ACSs and their investors.

Authorised contractual schemes: tax

Practical Law UK Practice Note 1-548-6487 (Approx. 35 pages)

Authorised contractual schemes: tax

MaintainedEngland, Northern Ireland, Wales
Authorised contractual schemes (ACSs) (previously referred to as tax transparent funds) can be established as either limited partnerships or co-ownership schemes. They were introduced in 2013 to facilitate the establishment of UCITS master funds. This practice note discusses the tax treatment of ACSs and their investors.