Income from non-reporting funds if first case ceases to applyU.K.
This section has no associated Explanatory Memorandum
71.—(1) This regulation applies if—
(a)a reporting fund has an interest in a non-reporting fund, and
(b)the conditions in regulation 69(2) have been met for an earlier period of account but are no longer met for a later period of account.
(2) Regulation 70 applies for the later period of account and for all subsequent periods of account.