The Offshore Funds (Tax) (Amendment) Regulations 2011 No. 1211

PART 1 Introduction

Structure of these Regulations and interpretation

3.—(1) The structure of these Regulations is as follows—

• this Part contains introductory provisions;

• Part 2 deals with equalisation arrangements;

• Part 3 deals with an exception from the charge to tax in relation to funds investing in certain types of unlisted trading company;

• Part 4 deals with transparent funds;

• Part 5 makes other amendments to the principal Regulations;

• Part 6 makes amendments to primary legislation.

(2) In these Regulations—

“equalisation arrangements” has the meaning given by regulation 50A of the principal Regulations (inserted by regulation 5 of these Regulations);

“transparent fund” has the same meaning as in regulation 11 of the principal Regulations.