210Market value of qualifying investments
This section has no associated Explanatory Notes
(1)For the purposes of this Chapter the market value of a qualifying investment is determined in accordance with sections 272 to 274 of TCGA 1992 (subject to Part I of Schedule 11 to that Act).
(2)But, in the case of an interest in an offshore fund for which separate buying and selling prices are published regularly by the managers of the fund, the market value for the purposes of this Chapter is an amount equal to the buying price (that is the lower price) published on—
(a)the day of the disposal, or
(b)if none were published on that day, the latest day on which the prices were published before that day.
(3)In this section “offshore fund” has the meaning given by section 355 of TIOPA 2010.