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

[F1 PART 6A U.K. FUNDS INVESTING IN NON-REPORTING OFFSHORE FUNDS

Textual Amendments

F1 Pt. 6A inserted (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), 21 (with regs. 25, 26)

CHAPTER 1 U.K. Preliminary Provisions

The investment condition U.K.

85D.— (1)  The investment condition is met in relation to an authorised investment fund if the total amount invested in non-reporting funds or FINROFs is more than [F2 50%] of the gross asset value of the authorised investment fund.

(2) This regulation is subject to regulation 85E.]

Textual Amendments

F2 Figure in reg. 85D(1) substituted (6.3.2011) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/244), regs. 1(1), 5 (with reg. 8)