02.04 – Exempt Beneficial Owners

The definition of a United Kingdom Exempt Beneficial Owner is the same under the International Tax Compliance (Crown Dependencies and Gibraltar) Regulations 2014 and the International Tax Compliance (United States of America) Regulations 2013.

Retirement Funds

The description of Retirement Funds in the CD and Gibraltar Agreements differs from the wording in the US Agreement, but the meaning is the same, and the same funds will be excluded.

The following arrangements will be Exempt Beneficial Owners for both the International Tax Compliance (Crown Dependencies and Gibraltar) Regulations 2014 and the International Tax Compliance (United States of America) Regulations 2013.

  • Pension schemes or other arrangements registered with HMRC under Part 4 of the Finance Act 2004
  • The UK Pension Protection Fund