Submit an entry notification for a Reserved Investor Fund
Use this service to make an entry notification to HMRC if you are an agent or organisation.
The Reserved Investor Fund (RIF) is a UK-based unauthorised contractual scheme for co-ownership schemes which meet the qualifying conditions. It is available to professional and institutional investors.
The rules setting out qualifying conditions and the situations where you must notify us are set out in the Co-ownership Contractual Schemes (Tax) Regulations 2025.
Who can enter the RIF regime
If you meet the qualifying conditions on the date that your scheme starts to operate as a RIF, you can enter the regime by making an entry notification.
What you’ll need
To complete an entry notification, you’ll need the:
- scheme details, including the scheme operators Corporation Tax Unique Taxpayer Reference (if they have one)
- start date
- accounting period end date
- business name and address of the operator
If the scheme meets the qualifying conditions
To show that the scheme meets the qualifying conditions you must confirm:
- it is a co-ownership scheme
- it is an Alternative Investment Fund
- its participation is limited to professional or large investors
- it is UK-based
- it meets the restriction and ownership requirements
You’ll also need to know:
- how the scheme meets the ownership requirement
- which restriction conditions the scheme or sub-schemes meet
If the scheme treats certain conditions as met
If the scheme is treating either the ownership requirement or the UK property-rich condition as met you must confirm:
- which conditions the scheme is treating as met
- the names of any sub-schemes relying on the UK property-rich condition being treated as met
- whether any of these schemes or sub-schemes have:
- previously been a RIF
- been an authorised contractual scheme
- issued any units for anything other than money
You must also confirm that the scheme or sub-schemes:
- intend and reasonably expect to meet the requirements within 12 months
- have taken, or will take, steps to meet them
You’ll need to provide details for the steps you have taken or will take.
Make an entry notification
The next 2 bullet points have force of law and constitute a notice under Regulation 39 of the Co-ownership Contractual Schemes (Tax) Regulations 2025:
- from 6 April 2026, you must make an entry notification using the start now link on this page
- if you cannot make an entry notification using the start now link on this page contact HMRC Collective Investment Scheme Centre
You’ll need to upload form 64-8 or a letter of authority if you are an agent or manager completing the form on behalf of the scheme operator.
You’ll need to sign in using one of the following:
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sign in details — you can create these if you do not have them
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an email address
You can save your progress and come back later.
What happens next
You’ll get confirmation when you submit your entry notification.
We will aim to process this within 15 working days.
Updates to this page
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The guidance has been updated to advise that entry notifications must be submitted using the HMRC online form.
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'Make an entry notification' section updated to advice from 6 April 2026 you will need to make the entry notification online.
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Added translation