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IFM09405 | Becoming a RIF: Introduction

From HM Revenue & Customs · Investment Funds Manual

Requirements to become a Reserved Investor Fund (RIF)

A co-ownership scheme can become a RIF if it:

  • meets or is treated as meeting the required eligibility criteria (IFM09200), and

  • make an entry notification to HMRC (IFM09410)

Where a co-ownership scheme is treated as meeting the ownership condition (IFM09220) and/or the UK property rich condition (IFM09250) for an initial period, it must meet them by the end of a 12-month grace period and must make the necessary declarations in the entry notice (IFM09420).