[F1564U Arrangements not unit trust scheme or offshore fundU.K.
This section has no associated Explanatory Notes
Investment bond arrangements are not—
(a)a unit trust scheme for the purposes of section 1007 of this Act, or
(b)an offshore fund for the purposes of section 354 of TIOPA 2010 so far as relating to income tax.]
Textual Amendments
F1S. 564U inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 2 para. 22 (with Sch. 9 paras. 1-9, 22)
Modifications etc. (not altering text)
C1S. 564U(b) modified (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 9 para. 38 (with Sch. 9 paras. 1-9, 22)