Jaffe & Co
​​54 Hendon Lane
London N3 1TT, UK
+44 (0) 20 8346 5237
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Q: How do I know if I have a PFIC in my portfolio?


A: Any of the following types of mutual funds and collective investment schemes are most likely a PFIC unless they are incorporated in the US:
  1. Exchange Traded Fund (ETF)
  2. Open ended investment company (OEIC) and foreign unit trusts
  3. SICAV (“société d'investissement à capital variable”) or SICAF (“société d'investissement à capital fix”)
  4. Venture Capital Trusts (VCT)

If you would like more information or have questions about your situation please contact us below
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Jaffe & Co and American Tax International are trading names of Jaffe & Co LLP, company number OC383176
UK tax services are provided by Jaffe UK Services Ltd, company number 11588450
IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the U.S. Internal Revenue Service, we inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, by any taxpayer for the purpose of (1) avoiding tax-related penalties under the U.S. Internal Revenue Code or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein. 

Information provided on this website is for guidance purposes only and should not be construed or relied upon as formal tax, legal or financial advice.
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