Tax

What happens if a 13O or 13U incentivised fund is dormant?


  • The section 13O/U schemes are intended for funds that are actively carrying out the business of making and managing investments. In this regard, a section 13O/U incentivised fund must not be dormant (i.e. the fund must not be an entity that ceases to carry on a business and has no income for any basis period). MAS reserves the right to terminate the section 13O/U scheme of any funds that are dormant.