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The key objective of the fund managers is to maximise the returns for their investors. Amongst other commercial, legal and operational considerations, ensuring a tax efficient fund structure is one of the important aspects that the fund managers need to consider in order to have a competitive edge against their peers. The above, together with management and planning considerations are key drivers not only to fund managers but also single / multi-family offices who are keen to manage their own/ third parties’ wealth and investments in an increasingly professional and structured manner in order  to preserve old wealth, generate income and  manage succession and estate planning for future generations.

In addition to the above, the complexity surrounding the taxation of the funds is ever evolving and hence, the structures that worked in the past may not be replicated for each fund without evaluating whether they are able to hold up to scrutiny in the current tax landscape.

How can we help

Our Asset Management and Real Estate Tax team has the in-depth knowledge and experience to understand the practical aspects in this space and are ready to assist the fund managers and family offices to achieve the right balance of tax and practical considerations.

We offer a range of services that can support you throughout the life cycle of your fund, beginning from fund formation, capital raising and structuring; and ends with the Fund closure and distributions to investors. 

Our services

From a tax perspective, we can assist you with the following:

  • Fund formation and structuring tax advisory support including review of fund documents and fund formation support
  • Advising tax issues relating to the fund manager and sponsor, including carried interest planning opportunities for sponsor and employees
  • Downstream tax structuring with respect to acquisition and divestment of investments (including cross-border transactions)
  • Buy-side / Vendor tax due diligence
  • Sell-side tax advisor
  • Assistance with seeking advance tax rulings
  • Application for tax incentive for the funds/fund managers and assistance with annual returns / declarations to the relevant authorities
  • Corporate income tax and GST tax filings/remission
  • Stamp duty matters including advance ruling and relief application
  • Property tax matters
  • Capital allowance studies
  • Issuing tax opinions for tax insurance policies purpose

 

Singapore Tax Firm of the Year – Asia Tax Awards 2020, International Tax Review
Asia Tax Firm of the Year – Asia Tax Awards 2020, International Tax Review
Asia Tax Innovator of the Year – Asia Tax Awards 2020, International Tax Review

Partner, Head of Real Estate & Asset Management, Tax

KPMG in Singapore

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