Find out about the Investment Manager Exemption for non-residents
How the Investment Manager Exemption identifies if overseas investors are liable for tax on transactions conducted by a UK investment manager.
The Investment Manager Exemption
One of the reasons for the UK attracting non-resident investors (including hedge funds) is their ability to appoint UK based investment managers without creating a risk of UK taxation for themselves.
HMRC is committed to maintain this environment by offering the Investment Manager Exemption.
The Investment Manager Exemption uses qualifying tests to make sure:
- overseas investors are not charged to UK tax for investment transactions conducted on their behalf
- any fees received by a UK resident investment manager for services performed for the non-resident are fully chargeable to UK tax
HMRC鈥檚 International Manual which includes Statement of Practice SP1/01 has more information about how the Investment Manager Exemption works.
You can find more information in HMRC鈥檚 .
Who to contact for further advice
Write to HMRC if you have a question about the Investment Manager Exemption:
Investment Manager Exemption Team
HMRC
B8.22 Stratford Regional Centre
Central Mail unit
Newcastle NE88
You can also send an email: [email protected].
Updates to this page
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Address to send a question about the Investment Manager Exemption has been updated.
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Who to contact for further advice has been updated with new contact details.
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Who to contact for further advice details have been changed.
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The contact details for who to contact for further advice have been updated.
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New contact details added
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Who to contact for further advice details have been changed.
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First published.