PART 3REPORTING FUNDS AND THE TREATMENT OF PARTICIPANTS IN REPORTING FUNDS
CHAPTER 5THE COMPUTATION OF REPORTABLE INCOME
Adjustments for capital items F1and miscellaneous items
Annotations:
Amendments (Textual)
Treatment of other capital items F2and miscellaneous items65
1
The amount specified in regulation 63(1) must also be adjusted by adding the amounts specified in paragraph (2).
2
Those amounts are—
a
expenses directly related to acquisition or disposal of investments (other than those taken into account in arriving at the amounts specified in sub-paragraph (a) or (b) of regulation 64(2)), F4...
b
costs relating to the setting up, merger or dissolution of the fundF3, and
c
sums payable or allocated to the manager of a fund calculated by reference to an increase in the net asset value of the fund or a formula designed to reward the manager’s performance.
Words in reg. 64 cross-heading inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Offshore Funds (Tax) (Amendment) Regulations 2017 (S.I. 2017/240), regs. 1(1), 2(2)(b)