Submit accounting period information for a Reserved Investor Fund
Use this service to send accounting period information to HMRC if you are an agent or organisation.
To operate as a Reserved Investor Fund (RIF), you’ll need to make a return of information within 6 months after the end of each accounting period.
What you’ll need to tell us about the scheme
To complete a report, you’ll need to tell us:
- scheme details including the scheme operators Corporation Tax Unique Taxpayer Reference if there is one
- business name and address of the operator
- accounting period start and end dates
You’ll need to fill in and save the ‘Participants and units in the scheme’ template with details of the:
- name of the RIF or any sub-schemes
- names and addresses of all participants in the scheme
- number and classes of units held in the scheme by each participant at the end of the accounting period
- amount of income per unit for each class
If the participant left the scheme before the end of the accounting period, we still need you to provide their name and address. Their number of units should be marked as 0.
There are 2 tabs in the template, you must make sure that you complete both.
Download the .
You can upload the completed template when you send a report. The file must not be larger than 10MB and must be an XLSX format.
If you have any supporting documents for the ‘participants and units in the scheme’ template you’ll need these ready to upload as well. Files must not be larger than 10MB and must be one of PDF, JPEG, XSLX, DOCX, or PPTX format.
What you’ll need to tell us about the ownership requirement
If there were any breaches of the ownership requirement during the period you’ll need to provide us with the details of those breaches, including:
- which ownership condition was breached and the date of the breach
- if the breach was rectified and the date it was rectified
- the date of any deemed disposals
You’ll also need to tell us about any breaches of the ownership requirement from earlier periods which were rectified during this period.
What you’ll need to tell us about the restriction requirement
You’ll need to tell us which restriction conditions were met by the RIF or any sub-schemes at any time during the accounting period.
If the fund or any sub-scheme met the exempt investor condition you must confirm that:
- all participants were exempt from tax on gains
- the operator has taken steps to monitor this exemption
If there were any breaches of the restriction requirement during the period you’ll need to provide us with the details of those breaches including:
- which restriction condition was breached and the date of the breach
- if the breach was rectified and the date it was rectified
- the date of any deemed disposals
- the name of the sub-scheme if the restriction condition was breached in a sub-scheme
You’ll also need to tell us about any breaches of the restriction requirement from earlier periods which were rectified during this period.
If the RIF is an umbrella fund with any sub-schemes which met or were treated as meeting the UK property-rich condition
If any sub-scheme made disposals during the period, or any participants disposed of units, you’ll need to fill in and save the ‘UK property-rich umbrella’ template with details of the:
- total value of all disposals of assets made by each sub-scheme when it met or was treated as meeting the UK property-rich condition
- difference between the total gains and losses on those disposals
- number of units disposed of by each participant
- value of the disposals of units by the participants, if available to you
- difference between the total gains and losses on those disposals, if available to you
There are 2 tabs in the template. Make sure that you complete both.
Download the .
You can upload the completed template when you send a report. The file must not be larger than 10MB and must be an XLSX format.
If you have any supporting documents for the ‘UK property-rich umbrella’ template you’ll need these ready to upload as well. Files must not be larger than 10MB and must be one of PDF, JPEG, XSLX, DOCX, or PPTX format.
If the RIF is a fund which met or was treated as meeting the UK property-rich condition
If the RIF made any disposals during the period you’ll need to provide the:
- total value of all disposals of assets made by the RIF during the period where it met or was treated as meeting the UK property-rich condition
- difference between the total gains and losses on those disposals
If any participants disposed of units in the RIF you’ll also need to fill in and save the ‘UK property-rich’ template with details of the:
- number of units disposed of by each participant
- value of the disposals of units by the participants, if available to you
- difference between the total gains and losses on those disposals, if available to you
Download the .
You can upload the completed template when you send a report. The file must not be larger than 10MB and must be an XLSX format.
If you have any supporting documents for the ‘UK property-rich’ template you’ll need these ready to upload as well. Files must not be larger than 10MB and must be one of PDF, JPEG, XSLX, DOCX, or PPTX format.
If the RIF or sub-scheme stops meeting the UK property-rich condition during the period
If the fund relied on the UK property-rich condition, stopped meeting this condition and at that time then met the non-UK property assets condition, you’ll need to confirm:
- that there was a deemed disposal under Regulation 15(3)
- the date of that deemed disposal
If the RIF or sub-scheme stopped meeting the UK property-rich condition and does not meet any other restriction condition while winding up, Regulation 19 may apply to treat the scheme as if it continues to meet the UK property-rich condition.
If Regulation 19 applies you’ll need to confirm the:
- regulation applies to the RIF or sub-scheme
- expected end date of the winding up period
Send a report
You can use the online form to send a report.
You’ll need to either:
- sign in with your Government Gateway user ID and password (if you do not have a user ID, you can create one when you first try to sign in)
- use your email address to get a confirmation code that you can use to sign in
You can save your progress and come back later.
What happens next
You’ll get confirmation when you submit your annual report.
We will aim to process it within 15 working days.