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

PART 4 THE TREATMENT OF PARTICIPANTS IN AUTHORISED INVESTMENT FUNDS

CHAPTER 3 PARTICIPANTS CHARGEABLE TO CORPORATION TAX

Dividend distributions

References to gross income

50.  For the purposes of this Chapter the references to the gross income are references to the gross income entered in the distribution accounts for the purpose of computing the total amount available for distribution to participants for the distribution period in question.