Authorised contractual scheme (ACS)

A regulated, UK domiciled, tax transparent vehicle established under the Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 (SI 2013/1388). An ACS can be established as a co-ownership scheme or a limited partnership scheme and may be a:

The introduction of ACSs was announced in the 2011 Budget, at which time the vehicle was referred to as a tax transparent fund (TTF). For the tax treatment of an ACS, see Practice note, Authorised contractual schemes: tax ( .

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247924595811", "objName" : "Authorised contractual scheme (ACS)", "userID" : "2", "objUrl" : "", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "2-3b01f5d1:15b13821225:3530", "analyticsSessionCookie" : "2-3b01f5d1:15b13821225:3531", "statisticSensorPath" : "" }