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Spring Budget 24: Industry backs 'property rich' focus of restricted Reserved Investor Fund
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Alongside the Spring Budget today (6 March), the Treasury published its consultation on the design of the RIF. The new fund vehicle will be a tax transparent unauthorised vehicle, which is designed to «complement and enhance» the UK's existing funds regime. The Treasury said this came in response to industry demand for a UK-based unauthorised contractual scheme with lower costs and more flexibility than the existing authorised contractual scheme. Spring Budget 24: Chancellor cuts National Insurance by another 2p The fund will be available to professional and institutional invest...
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