Amendment to the Authorised Investment Funds (Tax) Regulations 2006
This
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Memorandwm Esboniadol
3.—(1) The Authorised Investment Funds (Tax) Regulations 2006(1) 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)” |
(1)
S.I. 2006/964, relevant amending instruments are S.I. 2008/705 and 2009/2036.