Law & Tax Firms

UK-Luxembourg tax treaty to streamline investments

London
Luxembourg-based investment funds looking to invest in the UK have good news: a new Luxembourg-UK double tax treaty will take effect in 2024. The treaty grants Luxembourg corporate collective investment vehicles access to treaty benefits, either as a Ucits or through a beneficial ownership test. It also closes a tax loophole that allows Luxembourg structures to sidestep taxes on UK real estate investments.

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