GLOSSARY

Reporting fund status

IN PLAIN ENGLISH

An HMRC status for offshore funds that lets gains be taxed as capital gains rather than income.

WHERE YOU MEET IT

HMRC publishes the list of reporting funds.

WATCH OUT FOR

A reporting fund's income can be taxable even when it's reinvested. None of this applies inside an ISA or pension.

EXPLAINED IN

Domicile, UCITS and reporting status

Educational content only. It is not personal financial advice.