The Offshore Funds (Tax) Regulations 2009 No. 3001

PART 2 THE TREATMENT OF PARTICIPANTS IN NON-REPORTING FUNDS

CHAPTER 4 DISPOSALS OF INTERESTS IN NON-REPORTING FUNDS

Basic provisions

Disposal of an asset: the basic rule

33.—(1) There is a disposal of an asset for the purposes of these Regulations if there would be a disposal of an asset for the purposes of TCGA 1992.

(2) Paragraph (1) is subject to the following provisions of this Chapter.