The Authorised Investment Funds (Tax) Regulations 2006 No. 964

PART 7 U.K. CONSEQUENTIAL AMENDMENTS AND MODIFICATIONS OF ENACTMENTS

CHAPTER 3 U.K. MODIFICATIONS OF TCGA 1992

Specific modifications of TCGA 1992 U.K.

Modification of section 170 of TCGA 1992 U.K.

107.  In section 170 of TCGA 1992 (groups of companies: interpretation), after subsection (4), the following subsection is treated as inserted—

“(4A) An open-ended investment company cannot be the principal company of a group.”.