36530755
Description
Mind Map by Katerina Kritikos, updated more than 1 year ago
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Created by Katerina Kritikos
almost 3 years ago
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Property Authorised Investment Funds
- OEIC structure
- Property income ringfenced but other taxable
income subject to corporation tax at 20%.
- Point of taxation moves from fund to investor.
- Distributions paid in three types: property, interest and dividends. Property
income is paid net of 20% tax (unless in ISA/pension) which non taxpayers can
reclaim. Dividends and interest paid gross.
- At least 60% of PAIFs net income must be from exempt
property investment business. Value in property
investment must be at least 60% of total assets.
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