IFM12000 | Offshore funds: introduction and contents

This part of the Investment Funds Manual explains how UK resident investors in offshore funds are treated for tax purposes. It sets out the background to the offshore funds tax regime that applied to UK investors in offshore funds from 1984 to 2009 and provides detailed guidance explaining how UK investors are treated under the current regime now at Part 8 of the Taxation (International and Other Provisions) Act 2010 and the Offshore Funds (Tax) Regulations 2009 (SI 2009/3001) as subsequently amended.