Publications
UK Reserved Investor Fund (RIF) Snapshot
Published on 07 Jun 2023
Download INREV's latest snapshot on a new closed end Reserved Investor Fund (RIF) for institutional investors.
INREV Response to HMT and HMRC Reserved Investor Fund Consultation
Published on 02 Jun 2023
On 1 June, INREV submitted its response to HMT and HMRC consultation on Reserved Investor Fund (RIF). We urged priority being given to deliverables including the government assessing the Consultation responses and issuing a formal response. We also asked for more clarity as to when RIFs can be launched.
INREV response to FCA DP23/2
Published on 15 May 2023
On 12 May, INREV filed its response to the FCA Discussion Paper 23/2 on updating and improving the UK regime for asset management.
INREV response to FCA DP23/1
Published on 05 May 2023
INREV with other real estate associations produced a focused response to the FCA’s Discussion paper 23/1 finance for positive sustainable change: governance, incentives and competence in regulated firms
INREV response to follow-up questions on sovereign immunity reform
Published on 10 Feb 2023
On 23 January, INREV filed a follow-up response to HMT consultation on Sovereign immunity from direct taxation. We argued that a number of aspects of the new statutory definition require clarification. Read the response to learn more.
INREV response to consultation on VAT treatment of fund management services
Published on 06 Feb 2023
On 3 February, INREV filed a response to a joint consultation from HM Treasury and HMRC on the VAT treatment of fund management services. Click here to read more.
HMT consultation on sovereign immunity from direct taxation
Published on 25 Oct 2022
Download the latest snapshot on HMT sovereign immunity from direct taxation consultation to get an overview of the proposed changes that would directly impact sovereigns investors and indirectly affect real estate investment managers and sovereigns’ joint venture partners.
UK Funds Regime Review: Implications for the real estate funds sector Briefing
Published on 08 Mar 2022
A joint INREV/AREF/IPF briefing where we looked at the UK government's progress with significant legislative improvements for the real estate funds sector that includes LTAF, QAHC, REIT and the PIF contractual scheme.
Corporate re-domiciliation: Consultation on the Government’s proposals
Published on 11 Jan 2022
Download the response INREV submitted to the UK re-domiciliation consultation recommending the creation of both an inward and outward re-domiciliation regime that could be extended to non-corporates.
UK Long Term Asset Fund Briefing
Published on 24 Nov 2021
Melville Rodrigues, Head – Real Estate Advisory for Apex Group in London, presented on recent developments related to the LTAF.
INREV response to the HMT consultation on the Residential Property Developer Tax (RPDT)
Published on 14 Jul 2021
On 14 July, INREV filed a response to the HMT consultation on the Residential Property Developer Tax (RPDT). INREV urges HMT to keep investment asset classes such as BTR and PBSA outside the scope of the RPDT.
INREV responds to FCA CP21-12 Long Term Asset Funds
Published on 30 Jun 2021
On 25 June, INREV filed a response to FCA CP21-12 Long-Term Asset Funds. Download the response to learn more.
Funds Finance Trends and Considerations Briefing
Published on 27 May 2021
Greg Brown and Paul Sampson, partners in Allen & Overy’s London office, presents on trends and considerations in fund financing.
INREV, AREF and BPF joint proposal on UK AIFMD External Valuer Liability
Published on 12 May 2021
On 7 May, INREV, together with AREF and BPF submitted a joint proposal to the UK Financial Conduct Authority on UK AIFMD External Valuer Liability. The submission proposed raising the threshold for unlimited liability of external valuers from “negligence” to “serious error”.
INREV response to UK Review of the Funds Regime: Call for Input
Published on 19 Apr 2021
On 19 April, INREV filed a response to the UK Funds Review supporting proposals for new fund structures, the PIF and LTAF, along with an unlisted REIT, and appropriate tax treatments.
Opportunities in the UK Funds Review Briefing
Published on 23 Mar 2021
A joint INREV/AREF/IPF briefing where we looked at the details of the proposed new PIF (CS) and LTAF fund structures and the implications they could have for the real estate funds sector, as well other aspects of the call for important input on this consultation.
INREV Responds to HMT Consultation on AHCs in Alternative Investment Funds
Published on 23 Feb 2021
On 22 February, INREV filed a response to the HMT consultation on AHCs in Alternative Investment Funds. We proposed that this consultation only progresses to the next stage of proposed AHC legislation when there is a consensus on key policy goals between HMT, HMRC and industry.
INREV response to FCA liquidity mismatch in authorised open end property funds
Published on 03 Nov 2020
On 2 November, INREV filed a response to a FCA consultation by the UK FCA that proposes redemption waiting periods for authorised open-end funds.
INREV response to UK consultation on tax treatment of Asset Holding Companies
Published on 25 Aug 2020
On 18 August, INREV filed its response to a consultation on tax treatment of Asset Holding Companies in UK. We argued that a clear and well considered definition of alternative funds and AHCs would need to be introduced.
INREV response to consultation on disposals of assets by non-UK residents
Published on 04 Sep 2018
On 30 August, INREV filed a response to the HMRC consultation on Disposals of assets by non-UK residents and payments on account. Developed with support by the tax committee, the response focuses on capital gains taxation of property held by non-resident investors accruing after April 2019 and is closely aligned with views of the BPF.