PART 4THE TREATMENT OF PARTICIPANTS IN AUTHORISED INVESTMENT FUNDS

CHAPTER 1PRELIMINARY PROVISIONS

Structure of this Part24

The structure of this Part of these Regulations is as follows—

  • this Chapter contains preliminary provisions;

  • Chapter 2 contains provisions relating to the tax treatment of participants chargeable to income tax;

  • Chapter 3 contains provisions relating to the tax treatment of participants chargeable to corporation tax;

  • F1...

Funds excluded from the ambit of this Part25

This Part does not apply to an authorised investment fund if the fund—

a

is a registered pension scheme within the meaning of Part 4 of the Finance Act 2004 M1, or

b

is treated, under paragraph 1(1) of Schedule 36 to that Act, as having become such a scheme.