The Authorised Investment Funds (Tax) Regulations 2006

[F1Components of income arising to F (residual)U.K.
This section has no associated Explanatory Memorandum

69Z2.—(1) For the purposes of this Part the income arising to F (residual) consists of—

(a)distributions qualifying for exemption under section 208 of ICTA, and

(b)income arising from the business of F (residual).

(2) Section 21A of ICTA (calculation of profits of Schedule A business) shall apply to income arising from the business of F (residual) if and to the extent that income arising from the business of F (residual) is chargeable to corporation tax under Schedule A.]

Textual Amendments