IFM13284 - Offshore Funds: participants in offshore funds: participants within the charge to corporation tax: disposals non-reporting funds: exchanging interest in one fund or share class for another

In certain circumstances The Taxation of Chargeable Gains Act 1992 (鈥楾CGA鈥�) provides that exchanges of one type of interest for another will not constitute a disposal and acquisition.

Those provisions of TCGA will not apply in some circumstances in the case of exchanges involving interests in non-reporting offshore funds as described in the pages referenced below:

  • Exchange of securities for those in another company 鈥� IFM13286
  • Schemes of reconstruction 鈥� IFM13286
  • Exchange of interests of different classes 鈥� IFM13288