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 鈥渋nvestment transaction鈥� for the purposes of regulation 80. The regulations provide that an 鈥渋nvestment transaction鈥� is any transaction:

  • in stocks or shares;
  • in a 鈥渞elevant contract鈥�;
  • which results in the diversely owned fund becoming party to a 鈥渓oan relationship鈥� or 鈥渞elated transaction鈥�;
  • 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.