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

[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 4 U.K. DISTRIBUTIONS MADE BY PROPERTY AIFS

[F2 Allocation of income] U.K.

69Z14.   [F3 The total amount available for income allocation in an open-ended investment company to which this Part applies shall be attributed]—

(a) first, to property income distributions up to the amount of the net income of F (tax-exempt) (determined in accordance with regulation 69Z1),

(b) secondly, to PAIF distributions (interest) up to the pre-distribution amount (determined in accordance with regulation 69Z3), and

(c) finally, to PAIF distributions (dividends).]

Textual Amendments

F2 Reg. 69Z14 heading substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 16(2) (with reg. 24)

F3 Words in reg. 69Z14 substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 16(3) (with reg. 24)