IFM09355 - Taxation of investors: Chargeable gains: Deemed Disposal: notification requirement
Where the participants are deemed to have to have disposed of and reacquired their units in a RIF (IFM09340), there is an obligation for operators of RIFs to notify participants of any deemed disposal of units within a prescribed period of time. If a RIF operator failing to comply with this notification requirements may be liable to a penalty (IFM09770).