Reporting fund status

Certain share classes within BlackRock's Fund ranges have elected to be 'Reporting Funds' for UK tax purposes.
If you invest in a share class in a BlackRock fund which has 'Reporting Fund' status, you will need to review the yearly information posted here and include the relevant details on your UK tax return.
Please bookmark this page to review the latest Reporting Fund status information. A list of share classes which currently have "Reporting Fund" status is published on the HMRC website.
If you would like more information, please contact the Investor Services Team:
Tel: +44 20 7743 3300
Email: investor.services@blackrock.com

How to use the reportable income information posted on this page

UK taxable investors who hold shares in the fund as at the last day of the fund’s accounting period are required to look up the reportable income on this website and include it in their UK tax return.

The reportable income calculation includes the dates and amounts per share of all distributions paid during the fund’s accounting period.  To the extent that the fund's reportable income exceeds the amount actually distributed, there will be an additional deemed distribution of income (called "excess reportable income").  The date this income is deemed to have been received by the investor is called the "fund distribution date" and is always six months after the fund's accounting year end.

Thus, if the fund year end is 31 May 2011, an investor holding shares at 31 May 2011 should refer to this website for their reportable income information.  This reportable income is deemed to be received on 30 November 2011 ie six months after the year end, and should be included in the investor’s tax return for 2011/2012.

Most BlackRock funds operate a "full equalisation" policy, which ensures that the income yield of the share class is not affected by incoming and outgoing investors during the accounting period.  Daily equalisation figures per share will be available for these share classes (please see the relevant links on the left hand side of this page).

Where an equalisation figure is provided, the incoming investor can use the equalisation amount from the day they entered the fund to reduce the excess reportable income figure they are taxable on.

Example

Investor bought 1,000 shares in the fund on 20 April 2011.

Excess reportable income per share for the fund year ended 31 May 2011: 0.5341
Equalisation amount as at 20 April 2011: 0.2270

The taxable income to be included on the investor's 2011/12 tax return will be:
(0.5341-0.2270) x 1,000 shares = 307.10

 


Related resources

BlackRock Liability Solutions Funds III (Dublin)
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