IFM12558 | Offshore Funds: Reporting Funds: computation of reportable income: transactions not treated as trading: investment transactions

The Investment Transactions (Tax) Regulations 2014 (SI 2014/685) specify the types of transaction that are an “investment transaction” for the purposes of regulation 80. The regulations provide that an “investment transaction” is any transaction:

• in stocks or shares;

• in a “relevant contract”;

• which results in the diversely owned fund becoming party to a “loan relationship” or “related transaction”;

• in units in a collective investment scheme;

• in securities (not included in the above categories);

• consisting in the buying or selling of foreign currency;

• in a carbon emissions trading product; or

• any transaction in rights under a life insurance policy.

Guidace on investment transactions is at IFM18000.