SCHEDULEU.K.Abbreviations and Defined Expressions

PART 1U.K.Abbreviations of Acts

TMA 1970The Taxes Management Act 1970 (c. 9).
ICTAThe Income and Corporation Taxes Act 1988 (c. 1)
TCGA 1992The Taxation of Chargeable Gains Act 1992 (c. 12)
[F1FA 1993The Finance Act 1993 (c. 34)]
[F1FA 1994The Finance Act 1994 (c. 9)]
FA 1996The Finance Act 1996 (c. 8)
FISMA 2000The Financial Services and Markets Act 2000 (c. 8)
FA 2002The Finance Act 2002 (c. 23).
ITEPA 2003The Income Tax (Earnings and Pensions) Act 2003 (c. 1)
ITTOIA 2005The Income Tax (Trading and Other Income) Act 2005 (c. 5)
[F1FA 2006The Finance Act 2006 (c. 25)]
[F1ITA 2007The Income Tax Act 2007 (c. 3)]
[F2CTA 2009 The Corporation Tax Act 2009 (c. 4)]
[F3TIOPA 2010 The Taxation (International and Other Provisions) Act 2010 (c. 8)]

Textual Amendments

F3Words in Sch. Pt. 1 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment No. 2) Regulations 2010 (S.I. 2010/1642), regs. 1(1), 8

PART 2U.K.Index of expressions defined or otherwise explained in these Regulations

Accumulation unitRegulation 6(5)
Acquiring company (in Chapter 2 of Part 6)Regulation 78(7)
Alternative finance arrangements (in Part 3)Regulation 21(11)
[F4Applicant (in Part 4A) Regulation 69O(6)]
[F5Applicant (in Part 4B) Regulation 69Z49(5)]
[F5Application (in Part 4B)Regulation 69Z49(5)]
Authorised (in relation to unit trust schemes)Regulation 5(2)
Authorised corporate directorRegulation 8
Authorised investment fundsRegulation 3
[F4Balance of business conditions (in Part 4A)Regulation 69N]
[F4Body corporate (in Part 4A)Regulation 69L(6)]
Capital profits, gains or losses (in Part 2)Regulation 12
[F4Cessation (in Part 4A)Regulation 69C(2)]
[F5Cessation (in Part 4B)Regulation 69Z44]
F6. . .F6. . .
Collective investment schemeRegulation 8
CommissionersRegulation 8
Consideration shares (in Chapter 2 of Part 6)Regulation 78(7)
Contract for differences (in Part 3)Regulation 21(9)
[F4Corporate ownership condition (in Part 4A)Regulation 69K]
Creditor relationshipRegulation 8
Deduction obligation (in Part 4)Regulation 26(3)
Derivative contractRegulation 8
F7. . .F7. . .
F8. . .F8. . .
F9. . .F9. . .
[F10Distribution Regulation 15(1)(b)]
F9. . .F9. . .
Distribution dateRegulation 15(4)
[F5Distribution income (in Part 4B)Regulation 69Z56(1)(a)]
Distribution periodRegulation 15(2)
[F5Diversely owned AIFRegulation 14E(2)]
Dividend distributionRegulation 22(3)
F11. . .F11. . .
[F10Elective FINROF (in Part 6A)Regulation 85F]
[F4Entry (in Part 4A)Regulation 69C(1)]
[F5Entry (in Part 4B)Regulation 69Z44]
[F4Excessive holding (in Part 4A)Regulation 69Z13(3)]
Exchanged units (in Chapter 2 of Part 6)Regulation 78(7)
[F4Existing company notice (in Part 4A)Regulation 69O(6)]
[F5Existing fund application (in Part 4B)Regulation 69Z49(5)]
F12. . .F12. . .
[F10FINROF (in Part 6A)Regulation 85A]
[F5Fund documentsRegulation 9A(10)]
[F4Future company notice (in Part 4A)Regulation 69O(6)]
[F5Future fund application (in Part 4B)Regulation 69Z49(5)]
[F4F (post-cessation) (in Part 4A)Regulation 69C(3)(d)]
[F4F (pre-entry) (in Part 4A)Regulation 69C(3)(a)]
[F4F (residual) (in Part 4A)Regulation 69C(3)(c)]
[F4F (tax-exempt) (in Part 4A)Regulation 69C(3)(b)]
[F4Genuine diversity of ownership condition F13... Regulation [F149A]]
[F10Gross asset value (in Part 6A)Regulation 85C]
[F4Holder of excessive rights (in Part 4A)Regulation 69Z13]
[F10Income allocationRegulation 15(1)(a)]
[F5Information notice (in Part 4B)Regulation 69Z67(2)]
[F5Instrument constituting the fundRegulation 6(7)]
[F15instrument constituting the scheme regulation [F166(7)]]
Interest distributionRegulation 18(3)
[F10Investment condition (in Part 6A)Regulation 85D]
[F5Investment transactionRegulation 14E(5)]
InvestmentsRegulation 8
F17. . .F17. . .
Legal ownerRegulation 6(1)
[F4Loan creditor condition (in Part 4A)Regulation 69M]
[F5Loan creditor condition (in Part 4B)Regulation 69Z47]
ManagerRegulation 6(3)
F18. . .F18. . .
F19. . .F19. . .
Net asset valueRegulation 8
[F4Net income (in Part 4A)Regulation 69Z]
[F4Net income of F (residual) (in Part 4A)Regulation 69Z2]
[F4Net income of F (tax-exempt) (in Part 4A)Regulation 69Z1]
[F4Newly qualified company (in Part 4A)Regulation 69N(5)]
F20. . .F20. . .
[F21Non-reporting fund Regulation 8]
F20. . .F20. . .
[F21Offshore fundRegulation 8]
F20. . .F20. . .
[F21Offshore Funds RegulationsRegulation 8]
Open-ended investment companyRegulation 4
Owner of sharesRegulation 8
[F4PAIF distribution (dividends) (in Part 4A) Regulation 69Z17(3)]
[F4PAIF distribution (interest) (in Part 4A)Regulation 69Z16(3)]
ParticipantRegulation 6(6)
[F4Pre-distribution amount (in Part 4A)Regulation 69Z3]
Pre-transfer accounting period (in Chapter 2 of Part 6)Regulation 79(1)
[F4Property AIFRegulation 69A(2)]
[F5Property condition (in Part 4B)Regulation 69Z46]
[F5Property business income (in Part 4B)Regulation 69Z56(1)(c)]
[F4Property income distributionRegulation 69Z15(4)]
[F4Property investment business (in Part 4A)Regulation 69F(1)]
[F5Property investment income (in Part 4B)Regulation 69Z56(1)(b)]
[F4Property rental business (in Part 4A)Regulation 69H(1)]
F9. . .F9. . .
[F10ProspectusRegulation 8]
[F4Qualifying certificateRegulation 35]
Qualified investor schemeRegulation [F2214B(4)]
Qualifying investmentsRegulation 20
Qualifying units (in another authorised investment fund) (in Part 3)Regulation 21(3)
[F5Refusal notice (in Part 4B)Regulation 69Z52(1)]
[F4Relevant distribution (in Chapter 6 of Part 4A) Regulation 69Z29(1)(b)]
Relevant period (in Part 3)Regulation 19(2)
[F21Reportable incomeRegulation 8]
Reporting dateRegulation 8
F20. . .F20. . .
[F21Reporting fundRegulation 8]
[F23reputable intermediary condition (in Part 4) Regulation 27]
[F23residence condition (in Part 4) Regulation 30]
Residence declarationRegulation 8
Scheme propertyRegulation 6(2)
Securities (in Part 3)Regulation 21(2)
[F4Specified accounting period (in Part 4A)Regulation 69Q(2)]
[F5Specified accounting period (in Part 4B)Regulation 69Z51(2)]
F24. . .F24. . .
[F10Statement of Recommended PracticeRegulation 8]
Target trust (in Chapter 2 of Part 6)Regulation 78(7)
[F5Tax Elected FundRegulation 69Z42(2)]
Tax yearRegulation 8
[F5TEF conditions (in Part 4B)Regulation 69Z45(a)]
[F5TEF distribution (dividend) (in Part 4B)Regulation 69Z60(3)]
[F5TEF distribution (non-dividend)Regulation 69Z61(3)]
[F4Termination notice (in Part 4A)Regulation 69Z37(1)]
[F5Termination notice (in Part 4B)Regulation 69Z70(1)]
Transfer date (in Chapter 2 of Part 6)Regulation 78(7)
[F4UK-REITRegulation 69F(2).]
Umbrella companyRegulation 7(1)
Umbrella schemeRegulation 7(4)
Underlying subject matter (in Part 3)Regulation 21(6)
Unit holderRegulation 5(3)
Unit trust schemeRegulation 5(1)
UnitsRegulation 6(4)
The whole of the scheme property of an authorised unit trust that is available for transfer (in Chapter 2 of Part 6)Regulation 78(7)

Textual Amendments

F6Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(i)

F7Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(ii)

F8Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(iii)

F9Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 22(2)(a)

F10Words in Sch. Pt. 2 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), 22(2)(b)

F11Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(iv)

F12Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(v)

F15Words in Sch. Pt. 2 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(c)

F17Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(vi)

F18Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(vii)

F19Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(viii)

F20Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/244), regs. 1(1), 7(2)(a) (with reg. 8)

F21Words in Sch. Pt. 2 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/244), regs. 1(1), 7(2)(b) (with reg. 8)

F22Words in Sch. Pt. 2 substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(b)

F24Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(ix)