F1PART 4APROPERTY AIFS
CHAPTER 5THE TREATMENT OF PARTICIPANTS IN PROPERTY AIFS
Treatment of distributions: liability to tax of participants
Property distributions (dividends): liability to tax of participants69Z20.
(1)
A PAIF distribution (dividends) received by a participant in an open-ended investment company to which this Part applies shall be treated as if it were a dividend on shares.
(2)
If a PAIF distribution (dividends) is made for a distribution period to a participant chargeable to corporation tax, regulations 48 to 52A shall not apply to the distribution.