Amendment to the Authorised Investment Funds (Tax) Regulations 20063
1
The Authorised Investment Funds (Tax) Regulations 20065 are amended as follows.
2
In regulation 69F (meaning of “property investment business”)—
a
in paragraph (1)(c) for “in circumstances in which conditions A to C are met” substitute “within section 528(4A)(j) of CTA 2010 (overseas equivalent to UK REIT)”,
b
in paragraph (2), for the words after “UK-REIT” to the end substitute “has the meaning given in section 518(4) of CTA 2010, and
c
omit paragraphs (3) to (6).
3
In the table in Part 1 of the Schedule (abbreviations of Acts) insert at the appropriate place—
CTA 2010
The Corporation Tax Act 2010 (c. 4)