Modifications of FA 1996U.K.
This section has no associated Explanatory Memorandum
95.—(1) FA 1996 is modified as follows.
(2) In paragraph 4 of Schedule 10 (loan relationships: collective investment schemes: company holdings in unit trusts and offshore funds) M1—
(a)in sub-paragraph (1)(a) the words “ , open-ended investment company ” are treated as inserted after the words “unit trust scheme”,
(b)in sub-paragraph (1)(b) the word “ , company ” is treated as inserted after the word “scheme”, and
(c)in sub-paragraph (4) the words “ or open-ended investment company ” are treated as inserted after the words “authorised unit trust”.
Marginal Citations
M1Paragraph 4 was amended by paragraph 41 of Schedule 10 to the Finance Act 2004 (c. 12).