SCHEDULES

SCHEDULE 28 COMPUTATION OF OFFSHORE INCOME GAINS M1

Annotations:
Marginal Citations
M1

Source—[1984 Sch.20.]

Part 3Supplementary

Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest

9

1

The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—

a

a part of an umbrella fund which is treated as an offshore fund under section 756B, or

b

a class of interest in an offshore fund which is treated as an offshore fund under section 756C.

2

Regulations under this paragraph may—

a

make different provision for different cases, and

b

include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.