This paragraph covers exemption for unit trust and investment scheme management in VATA 1994, Sch 9, Group 5, Items 9 and 10. For an overview of the finance exemption generally, see V4.136.
Fund management exemption—scope of the exemption
Under VATA 1994, Sch 9, Group 5, Items 9 and 10 (derived from Archived Directive 2006/112/EC, art 135(1)(g) – 'the management of special investment funds as defined by member states'), exemption applies to the management of any of the following1:
- Ìý
•ÌýÌýÌýÌý an authorised open-ended investment company within the meaning given by FSMA 2000, s 237(3)
- Ìý
•ÌýÌýÌýÌý an authorised contractual scheme within the meaning given by FSMA 2000, s 237(3)
- Ìý
•ÌýÌýÌýÌý an authorised unit trust scheme within the meaning given by FSMA 2000, s 237(3)
- Ìý
•ÌýÌýÌýÌý a Gibraltar collective investment scheme that is not an umbrella scheme
- Ìý
•ÌýÌýÌýÌý a sub-fund of any other Gibraltar collective investment scheme
- Ìý
•ÌýÌýÌýÌý an individually recognised overseas scheme that is not an umbrella scheme
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