Submit an entry notification for a Reserved Investor Fund

The Reserved Investor Fund (RIF) is a UK-based unauthorised contractual scheme for co-ownership schemes which meet the qualifying conditions.

The ItRIF is available to professional and institutional investors.

The rules setting out qualifying conditions and the situations where you must notify us are set out in the Co-ownership Contractual Schemes (Tax) Regulations 2025.

Who can enter the RIF regime

If you meet the qualifying conditions on the date that your scheme starts to operate as a RIF, you can enter the regime by making an entry notification.

What you’ll need

To complete an entry notification, you’ll need the:

• scheme details, including the scheme operators Corporation Tax Unique Taxpayer Reference (if they have one)
• start date
• accounting period end date
• business name and address of the operator

If the scheme meets the qualifying conditions

To show that the scheme meets the qualifying conditions you must confirm:

• it is a co-ownership scheme
• it is an Alternative Investment Fund
• its participation is limited to professional or large investors
• it is UK-based
• it meets the restriction and ownership requirements

You’ll also need to know:

• how the scheme meets the ownership requirement
• which restriction conditions the scheme or sub-schemes meet

If the scheme treats certain conditions as met

If the scheme is treating either the ownership requirement or the UK property-rich condition as met you must confirm:

• which conditions the scheme is treating as met
• the names of any sub-schemes relying on the UK property-rich condition being treated as met
• whether any of these schemes or sub-schemes have:
  • previously been a RIF
  • been an authorised contractual scheme
  • issued any units for anything other than money

You must also confirm that the scheme or sub-schemes:

• intend and reasonably expect to meet the requirements within 12 months
• have taken, or will take, steps to meet them

You’ll need to provide details for the steps you have taken or will take.

Make an entry notification

Online

You’ll need to upload form 64-8 or a letter of authority if you are an agent or manager completing the form on behalf of the scheme operator.

You’ll need to signto in using one of the following:either:

• sign in detailswith —your youGovernment canGateway createuser theseID ifand password (if you do not have them

  a user ID, you can create one when you first try to sign in)

• anuse your email address

  to get a confirmation code that you can use to sign in

You can save your progress and come back later.

Start now

What happens next

You’ll get confirmation when you submit your entry notification.

We will aim to process this within 15 working days.

Email or post

You can submit your notification by email or post if you are not able to use the online form.

1. Download and save Reserved Investor Fund (RIF) Entry notification (PDF, 811 KB, 5 pages).
2. Open it using the latest free version of Adobe Reader.
3. Complete it on-screen.

The form may not work if you try to open it in your internet browser. If the form does not open, contact online services support for more help.

Where to send the entry notification

Email the notification form to cisc.sheffield@hmrc.gov.uk (include ‘RIF’ in the subject line).

If you cannot email the form, print it and post it to: