Income and Corporation Taxes Act 1988 (c. 1)

SCHEDULES

SCHEDULE 28 U.K. COMPUTATION OF OFFSHORE INCOME GAINS M1

Modifications etc. (not altering text)

C1 Sch. 28 applied (with modifications) (22.10.2004 with effect in accordance with reg. 1(2) of the affecting S.I.) by The Offshore Funds Regulations 2004 (S.I. 2004/2572), regs. 1(1), 5

Marginal Citations

M1 Source—[1984 Sch.20.]

Part 3 U.K. Supplementary

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

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.