SCHEDULEAbbreviations and Defined Expressions
PART 1Abbreviations of Acts
Words in Sch. Pt. 1 inserted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 32(2)
Words 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
TMA 1970 | The Taxes Management Act 1970 (c. 9). |
ICTA | The Income and Corporation Taxes Act 1988 (c. 1) |
TCGA 1992 | The Taxation of Chargeable Gains Act 1992 (c. 12) |
F2FA 1993 | The Finance Act 1993 (c. 34) |
F2FA 1994 | The Finance Act 1994 (c. 9) |
FA 1996 | The Finance Act 1996 (c. 8) |
FISMA 2000 | The Financial Services and Markets Act 2000 (c. 8) |
FA 2002 | The Finance Act 2002 (c. 23). |
ITEPA 2003 | The Income Tax (Earnings and Pensions) Act 2003 (c. 1) |
ITTOIA 2005 | The Income Tax (Trading and Other Income) Act 2005 (c. 5) |
F2FA 2006 | The Finance Act 2006 (c. 25) |
F2ITA 2007 | The Income Tax Act 2007 (c. 3) |
F15CTA 2009 | The Corporation Tax Act 2009 (c. 4) |
F22TIOPA 2010 | The Taxation (International and Other Provisions) Act 2010 (c. 8) |
PART 2Index of expressions defined or otherwise explained in these Regulations
Words in Sch. Pt. 2 inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 7
Words in Sch. Pt. 2 inserted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 32(3)(c)
Words 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)
Words 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 2012 (S.I. 2012/1783), regs. 1(1), 5
Words 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)
Words 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)
Words 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)
Words 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)
Words 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)
Words 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)
Words in Sch. Pt. 2 omitted (1.9.2009) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 32(3)(a)(i)
Word in Sch. Pt. 2 substituted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 32(3)(a)(ii)
Words 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)
Word in Sch. Pt. 2 substituted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 32(3)(b)
Words 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)
Words 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)
Words 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)
Words 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)
Words 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)
Words 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)
Words in Sch. Pt. 2 inserted (6.4.2007) by The Authorised Investment Funds (Tax) (Amendment No. 2) Regulations 2007 (S.I. 2007/794), regs. 1(1), 7
Words 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)
Accumulation unit | Regulation 6(5) |
Acquiring company (in Chapter 2 of Part 6) | Regulation 78(7) |
Alternative finance arrangements (in Part 3) | Regulation 21(11) |
F3Applicant (in Part 4A) | Regulation 69O(6) |
F19Applicant (in Part 4B) | Regulation 69Z49(5) |
F19Application (in Part 4B) | Regulation 69Z49(5) |
Authorised (in relation to unit trust schemes) | Regulation 5(2) |
Authorised corporate director | Regulation 8 |
Authorised investment funds | Regulation 3 |
F3Balance of business conditions (in Part 4A) | Regulation 69N |
F3Body corporate (in Part 4A) | Regulation 69L(6) |
Capital profits, gains or losses (in Part 2) | Regulation 12 |
F3Cessation (in Part 4A) | Regulation 69C(2) |
F19Cessation (in Part 4B) | Regulation 69Z44 |
F4. . . | F4. . . |
Collective investment scheme | Regulation 8 |
Commissioners | Regulation 8 |
Consideration shares (in Chapter 2 of Part 6) | Regulation 78(7) |
Contract for differences (in Part 3) | Regulation 21(9) |
F3Corporate ownership condition (in Part 4A) | Regulation 69K |
Creditor relationship | Regulation 8 |
F25Dedicated feeder fund | Regulation 69C(4) |
Deduction obligation (in Part 4) | Regulation 26(3) |
Derivative contract | Regulation 8 |
F5. . . | F5. . . |
F6. . . | F6. . . |
F20. . . | F20. . . |
F21Distribution | Regulation 15(1)(b) |
F20. . . | F20. . . |
Distribution date | Regulation 15(4) |
F19Distribution income (in Part 4B) | Regulation 69Z56(1)(a) |
Distribution period | Regulation 15(2) |
F19Diversely owned AIF | Regulation 14E(2) |
Dividend distribution | Regulation 22(3) |
F7. . . | F7. . . |
F21Elective FINROF (in Part 6A) | Regulation 85F |
F3Entry (in Part 4A) | Regulation 69C(1) |
F19Entry (in Part 4B) | Regulation 69Z44 |
F3Excessive holding (in Part 4A) | Regulation 69Z13(3) |
Exchanged units (in Chapter 2 of Part 6) | Regulation 78(7) |
F3Existing company notice (in Part 4A) | Regulation 69O(6) |
F19Existing fund application (in Part 4B) | Regulation 69Z49(5) |
F9. . . | F9. . . |
F21FINROF (in Part 6A) | Regulation 85A |
F19Fund documents | Regulation 9A(10) |
F3Future company notice (in Part 4A) | Regulation 69O(6) |
F19Future fund application (in Part 4B) | Regulation 69Z49(5) |
F3F (post-cessation) (in Part 4A) | Regulation 69C(3)(d) |
F3F (pre-entry) (in Part 4A) | Regulation 69C(3)(a) |
F3F (residual) (in Part 4A) | Regulation 69C(3)(c) |
F3F (tax-exempt) (in Part 4A) | Regulation 69C(3)(b) |
Regulation F179A | |
F21Gross asset value (in Part 6A) | Regulation 85C |
F3Holder of excessive rights (in Part 4A) | Regulation 69Z13 |
F21Income allocation | Regulation 15(1)(a) |
F19Information notice (in Part 4B) | Regulation 69Z67(2) |
F19Instrument constituting the fund | Regulation 6(7) |
F14instrument constituting the scheme | regulation F186(7) |
Interest distribution | Regulation 18(3) |
F21Investment condition (in Part 6A) | Regulation 85D |
F19Investment transaction | Regulation 14E(5) |
Investments | Regulation 8 |
F10. . . | F10. . . |
Legal owner | Regulation 6(1) |
F3Loan creditor condition (in Part 4A) | Regulation 69M |
F19Loan creditor condition (in Part 4B) | Regulation 69Z47 |
Manager | Regulation 6(3) |
F11. . . | F11. . . |
F12. . . | F12. . . |
Net asset value | Regulation 8 |
F3Net income (in Part 4A) | Regulation 69Z |
F3Net income of F (residual) (in Part 4A) | Regulation 69Z2 |
F3Net income of F (tax-exempt) (in Part 4A) | Regulation 69Z1 |
F3Newly qualified company (in Part 4A) | Regulation 69N(5) |
F23. . . | F23. . . |
F24Non-reporting fund | Regulation 8 |
F23. . . | F23. . . |
F24Offshore fund | Regulation 8 |
F23. . . | F23. . . |
F24Offshore Funds Regulations | Regulation 8 |
Open-ended investment company | Regulation 4 |
Owner of shares | Regulation 8 |
F3PAIF distribution (dividends) (in Part 4A) | Regulation 69Z17(3) |
F3PAIF distribution (interest) (in Part 4A) | Regulation 69Z16(3) |
Participant | Regulation 6(6) |
F3Pre-distribution amount (in Part 4A) | Regulation 69Z3 |
Pre-transfer accounting period (in Chapter 2 of Part 6) | Regulation 79(1) |
F3Property AIF | Regulation 69A(2) |
F19Property condition (in Part 4B) | Regulation 69Z46 |
F19Property business income (in Part 4B) | Regulation 69Z56(1)(c) |
F3Property income distribution | Regulation 69Z15(4) |
F3Property investment business (in Part 4A) | Regulation 69F(1) |
F19Property investment income (in Part 4B) | Regulation 69Z56(1)(b) |
F3Property rental business (in Part 4A) | Regulation 69H(1) |
F20. . . | F20. . . |
F21Prospectus | Regulation 8 |
F3Qualifying certificate | Regulation 35 |
Qualified investor scheme | Regulation F1314B(4) |
Qualifying investments | Regulation 20 |
Qualifying units (in another authorised investment fund) (in Part 3) | Regulation 21(3) |
F19Refusal notice (in Part 4B) | Regulation 69Z52(1) |
F3Relevant distribution (in Chapter 6 of Part 4A) | Regulation 69Z29(1)(b) |
Relevant period (in Part 3) | Regulation 19(2) |
F24Reportable income | Regulation 8 |
Reporting date | Regulation 8 |
F23. . . | F23. . . |
F24Reporting fund | Regulation 8 |
F1reputable intermediary condition (in Part 4) | Regulation 27 |
F1residence condition (in Part 4) | Regulation 30 |
Residence declaration | Regulation 8 |
Scheme property | Regulation 6(2) |
Securities (in Part 3) | Regulation 21(2) |
F3Specified accounting period (in Part 4A) | Regulation 69Q(2) |
F19Specified accounting period (in Part 4B) | Regulation 69Z51(2) |
F8. . . | F8. . . |
F21Statement of Recommended Practice | Regulation 8 |
Target trust (in Chapter 2 of Part 6) | Regulation 78(7) |
F19Tax Elected Fund | Regulation 69Z42(2) |
Tax year | Regulation 8 |
F19TEF conditions (in Part 4B) | Regulation 69Z45(a) |
F19TEF distribution (dividend) (in Part 4B) | Regulation 69Z60(3) |
F19TEF distribution (non-dividend) | Regulation 69Z61(3) |
F3Termination notice (in Part 4A) | Regulation 69Z37(1) |
F19Termination notice (in Part 4B) | Regulation 69Z70(1) |
Transfer date (in Chapter 2 of Part 6) | Regulation 78(7) |
F3UK-REIT | Regulation 69F(2). |
Umbrella company | Regulation 7(1) |
Umbrella scheme | Regulation 7(4) |
Underlying subject matter (in Part 3) | Regulation 21(6) |
Unit holder | Regulation 5(3) |
Unit trust scheme | Regulation 5(1) |
Units | Regulation 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) |
Words in Sch. Pt. 1 inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 6