INVESTMENT-FEES

Josh Lom

Josh Lom and Michael Alliston (Herbert Smith Freehills) review a decision which sheds fresh light on the investment management VAT exemption by considering its application to an innovative digital investment management platform.

Damien Crossley

Damien Crossley (Macfarlanes) reviews the changes to the taxation of carried interest.

Nicholas Gardner

Shayaan Zaraq Bari

The UT decision in University of Cambridge was a welcome one for partially exempt bodies with similar types of investment funds that derive income or capital for their overall economic benefit, report Nicholas Gardner and Shayaan Zaraq Bari (Ashurst).

Laura Charkin

Stephen Pevsner

Stephen Pevsner and Laura Charkin (King & Wood Mallesons) consider the new rules for fund managers

Commentary prepared by the Tolley tax team on the draft Finance Bill 2015 rules on:

special purpose share schemes, with comment from Ashley Greenbank (Macfarlanes);
diverted profits tax, with comment from Sandy Bhogal (Mayer Brown);
investment managers and disguised fee income, with comment from Ben Eaton (Goodwin Procter);
bank loss relief, with comment from Anna Anthony (EY).

Kevin Hall

Vaughn Chown

Vaughn Chown and Kevin Hall explain why businesses, charities and VAT registered organisations which manage their investments for the benefit of their wider activities should consider making claims of previously unrecovered input tax on related costs.