United Kingdom: Fund Management/ REITs

HMRC has published final guidance on the reformed UK investment manager exemption (IME), introducing significant changes that broaden its scope and remove the problematic 20% test. The updated guidance clarifies how the exemption applies to transparent funds and carried interest arrangements, providing crucial certainty for non-resident investors and UK asset managers navigating the country's tax regime.

On 4 May 2026, the European Parliament’s Economic and Monetary Affairs Committee (“ECON”) published its draft report (the “Draft Report”)...

On 15 December 2025, the UK Government published the final text of the secondary legislation (and accompanying explanatory memorandum) that brings cryptoassets activities within the scope...