PART 2THE TREATMENT OF PARTICIPANTS IN NON-REPORTING FUNDS

CHAPTER 1PRELIMINARY PROVISIONS

Structure of this Part14

The structure of this Part is as follows—

a

this Chapter contains preliminary provisions;

b

Chapter 2 deals with charges to tax on participants in non-reporting funds;

c

Chapter 3 deals with exceptions from the charge to tax;

d

Chapter 4 deals with disposals of interests in non-reporting funds;

e

Chapter 5 deals with offshore income gains and the computation of offshore income gains;

f

Chapter 6 deals with the deduction of offshore income gains in computing chargeable gains;

g

Chapter 7 deals with the conversion of a non-reporting fund into a reporting fund.

Meaning of “material disposal”15

In these Regulations a “material disposal” means a disposal to which this Part applies.