PART 4CONSEQUENTIAL AMENDMENTS
Amendment of ITTOIA 2005128
1
ITTOIA 2005 is amended as follows.
2
In section 378A(7) M1, (offshore fund distributions), in the definition of “offshore fund”, for “Chapter 5 of Part 17 of ICTA (see sections 756A to 756C of that Act)” substitute “
section 40A of FA 2008
”
.
3
In section 632 (offshore income gains)—
a
in subsection (2) for “section 761(1) of ICTA (charge to income tax of offshore income gain)” substitute “
regulation 17 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)
(charge to tax)
”
, and
b
in subsection (3) for “Chapter 5 of Part 17 of ICTA (charge to income tax of offshore income gains)” substitute “
Chapter 5 of Part 2 of those Regulations
”
.
4
In section 830(4) M2 (meaning of “relevant foreign income”) for paragraph (aa) substitute—
aa
regulation 19 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001),