What Is a Ring-Fence? A ring-fence is a virtual barrier that segregates a portion of an individual’s or company’s financial assets from the rest. This may be done to reserve money for a specific purpose, to reduce taxes on the individual or company, or to protect the assets from losses incurred by riskier operations.
How do you use ring-fence in a sentence?
We shall ring-fence funds so that we can be accountable. If we ring-fence this item, we may as well ring-fence every local government service. We must ring-fence it and ensure that it is spent properly. There are no plans to ring-fence funds for cost rent schemes within these allocations.
What is another word for ring fenced?
What is another word for ring-fence?
| barrier | border |
|---|---|
| boundary | fence |
| perimeter |
What is ring-fence in consulting?
From Wikipedia, the free encyclopedia. In business and finance, ringfencing or ring-fencing occurs when a portion of a company’s assets or profits are financially separated without necessarily being operated as a separate entity.
What is the synonym of protected?
Some common synonyms of protect are defend, guard, safeguard, and shield.
When did ring-fencing begin?
The legislation enacting the ring-fencing rules received Royal Assent on 26 June 2019, and will apply retrospectively from the start of a person’s 2019/20 income year – so from 1 April 2019 for standard 31 March balance date taxpayers.
What does ring fenced company mean?
A ring-fenced company is a company whose MOI contains special conditions or prohibitions that prohibit the amendment of any particular provision of the MOI. Special conditions are not defined in the 2008 Companies Act but it includes any restriction placed on the capacity of the company or the authority of its agents.
