Citation, commencement and effect
This
adran has no associated
Memorandwm Esboniadol
1.—(1) These Regulations may be cited as the Offshore Funds (Tax) (Amendment) Regulations 2011 and shall come into force on 27th May 2011.
(2) These Regulations have effect—
(a)for the purposes of income tax for distributions made, or treated as made, on or after 27th May 2011;
(b)for the purposes of corporation tax—
(i)on chargeable gains, in relation to disposals made on or after that date, and
(ii)for distributions made, or treated as made, on or after that date;
(c)for the purposes of capital gains tax, in relation to disposals made on or after that date.
This is subject to regulation 16(1).