[F1 PART 4A U.K. PROPERTY AIFS

Textual Amendments

F1 Pt. 4A inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 5

CHAPTER 2 U.K. ENTRY INTO AND MEMBERSHIP OF THE PROPERTY AIF REGIME

Conditions of membership of the Property AIF regime U.K.

Conditions for this Part to apply to company U.K.

69D.   In order for this Part to apply to an open-ended investment company in respect of an accounting period, the following conditions must be met—

(a) the property investment business condition (see regulation 69E);

(b) the genuine diversity of ownership condition (see regulation [F2 9A]);

(c) the corporate ownership condition (see regulation 693K);

(d) the loan creditor condition (see regulation 694M);

(e) the balance of business conditions (see regulation 69N); and

(f) the notification condition (see regulation 69O).

Textual Amendments

F2 Word in reg. 69D(b) substituted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 15

Conditions for this Part to apply to a company where the company is also a qualified investor scheme U.K.

F3 69DA.   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

Textual Amendments

F3 Reg. 69DA omitted (1.9.2009) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 16