Guidance

Alternative Investment Fund Managers mechanism: election form guidance

The government is introducing a mechanism that will let members of an Alternative Investment Fund Managers (AIFM) partnership allocate certain restricted profits to the partnership.

Detail

The government is introducing a statutory mechanism that will permit members of an AIFM partnership to allocate certain restricted profits to the partnership. These are profits that represent variable remuneration under the AIFM Directive other than upfront profits that are received in cash. These partnerships can only elect to use this mechanism on or after 6 April 2014 and in respect of profits arising in the tax year 2014 to 2015 or later years.