The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008

Interpretation

2.  In these Regulations—

“qualified investor scheme” has the same meaning as regulation 14B(4) of the principal Regulations (inserted by regulation 11 of these Regulations);

“tax year”—

(a)

in relation to income tax, means a year of assessment within the meaning of ICTA (see section 832(1)(1) of that Act); and

(b)

in relation to capital gains tax, means a year of assessment within the meaning of TCGA 1992 (see section 288(1)(2) of that Act);

“the principal Regulations” means the Authorised Investment Funds (Tax) Regulations 2006(3).

(1)

1988, c. 1. Amended by sections 526 and 527 of the Income and Corporation Taxes Act 1970 (c. 10); Schedule 7 to the Capital Gains Tax Act 1979 (c. 14); section 32 of, and paragraph 16(3) of Schedule 8 to, the Finance Act 1971 (c. 68); section 93 of, and paragraph 3 of Schedule 24 to, the Finance Act 1972 (c. 41); paragraph 10 of Schedule 4 to the Finance Act 1974 (c. 30); paragraph 11 of Schedule 4 to the Finance Act 1976 (c. 40); paragraph 4 of Schedule 2 to the Finance (No 2) Act 1979 (c. 47); section 34(5) of the Finance Act 1981 (c. 35); paragraph 7 of Schedule 18 to the Building Societies Act 1986 (c. 53); paragraph 2 of Schedule 15 to the Finance Act 1987 (c. 16).

(2)

1992, c. 12. The definition of “year of assessment” was substituted by paragraph 101(2) of Schedule 2 to the Finance Act 2008 (c. 9).

(3)

S.I. 2006/964, relevantly amended by S.I. 2006/3239, 2007/683, 2007/794, 2008/705 and 2008/1463.