IFM41040 | Remittance basis and FIG regime: when an individual ceases to provide investment management services

When an individual ceases to provide investment management services in connection with an investment arrangement, they will continue to benefit from the 'look through' treatment for investments made in the QAHC before the individual ceased to provide services.

However, gains from investments the individual makes in the QAHC after the individual has ceased to provide investment management services will not benefit from the 'look through' treatment. For example, an individual leaves their role as an investment manager of a QAHC and they later make an additional investment in the QAHC. As they no longer provide investment management services when then investment is made, any gains arising from that investment will not benefit from the 'look through' treatment.