CRA rules that an Irish common contractual fund is a co-ownership arrangement

CRA has provided another ruling that an Irish arrangement for investors to invest on a pooled basis in shares of listed companies through a custodian (who in some respects is described as acting as trustee) and a manager, and which is styled as a co-ownership arrangement, will be respected as such for purposes of the Act.

Neal Armstrong. Summaries of 2014 Ruling 2013-0496831R3 under s. 104(1) and s. 96.