PART XVII TAX AVOIDANCE
F17CHAPTER V OFFSHORE FUNDS
F18Meaning of offshore fund
Ss. 756A-756C and preceding cross-headings inserted (with effect in accordance with s. 145(2) of the amending Act) by Finance Act 2004 (c. 12), Sch. 26 para. 3 (with Sch. 26 para. 17)
756AGeneral definition of offshore fund
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treatment of umbrella funds
756BTreatment of umbrella funds
F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Treatment of funds comprising more than one class of interest
756CTreatment of funds comprising more than one class of interest
F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Material interests in non-qualifying offshore funds
757 Disposal of material interests in non-qualifying offshore funds
F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
758 Offshore funds operating equalisation arrangements
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
759 Material interests in offshore funds
F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
760 Non-qualifying offshore funds
F7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Charge to tax of offshore income gains
761 Charge to income tax or corporation tax of offshore income gain.
F8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
762 Offshore income gains accruing to persons resident or domiciled abroad.
F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
762ZAF15Offshore income gains: application of transfer of assets abroad provisions
F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
762ZBIncome treated as arising under section 761(1): remittance basis
F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
762AF16Exchange of interests of different classes
F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
763 Deduction of offshore income gain in determining capital gain.
F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
764 Offshore income gains of trustees.
F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pt. 17 Ch. 5 (ss. 756A-763) repealed (1.12.2009 with effect in accordance with reg. 1(2) of the repealing S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 13(2)(3), Sch. 2 (with Sch. 1)