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Welcome to our September edition of Keeping Up With Alternative Investment Funds ("KUWAIF") newsletter.

This edition of Keeping up with Alternative Investment Funds covers a large variety of
topics, including the following:

● Virtual workforce and permanent establishment risks for alternative investment
● Another look at VAT grouping
● Brexit Update
● Review of Capital Gains Tax by the Office of Tax Simplification, and other
● Overseas Deep Dive – Luxembourg

We hope you find this edition interesting and should there be any areas you would like
to discuss, please do get in touch with your PwC contact.