{"id":1148,"date":"2014-06-02T16:41:19","date_gmt":"2014-06-02T16:41:19","guid":{"rendered":"https:\/\/thor.ca\/\/blog\/?p=1148"},"modified":"2014-06-02T16:41:19","modified_gmt":"2014-06-02T16:41:19","slug":"cra-issues-ruling-on-in-bound-structure-through-irish-common-contractual-fund","status":"publish","type":"post","link":"https:\/\/www.thor.ca\/blog\/2014\/06\/cra-issues-ruling-on-in-bound-structure-through-irish-common-contractual-fund\/","title":{"rendered":"CRA issues ruling on in-bound structure through Irish Common Contractual Fund"},"content":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/06\/2013-0496831R3.pdf\">2013-0496831R3<\/a>, the CRA ruled that an Irish Common Contractual Fund (CCF) was a fully transparent unincorporated body, such that each investor in the CCF was considered to hold a direct undivided co-ownership interest in the underlying properties of the CCF.\u00a0 Investors resident in different foreign countries would subscribe for different \u201cClasses of Unit\u201d in the CCF; this would accommodate different entitlements to the CCF\u2019s underlying income having regard to different withholding tax rates.\u00a0 In other words, the foreign investors in the CCF could assert different treaty benefits \u2013 under tax treaties with their home country \u2013 in respect of their direct share of income and gains realized by the CCF.\u00a0 Additional rulings were provided reinforcing the fully transparent nature of the CCF.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In <a href=\"http:\/\/thor.ca\/blog\/wp-content\/uploads\/2014\/06\/2013-0496831R3.pdf\">2013-0496831R3<\/a>, the CRA ruled that an Irish Common Contractual Fund (CCF) was a fully transparent unincorporated body, such that each investor in the CCF was considered to hold a direct undivided co-ownership interest in the underlying properties of&hellip;<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1148","post","type-post","status-publish","format-standard","hentry","category-corporate-tax"],"_links":{"self":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/comments?post=1148"}],"version-history":[{"count":0,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/posts\/1148\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/media?parent=1148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/categories?post=1148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thor.ca\/blog\/wp-json\/wp\/v2\/tags?post=1148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}