Finance Act 2004 (c. 12)

SCHEDULES

SCHEDULE 26 Offshore funds

Treatment of umbrella funds and funds comprising more than one class of interest

11 In section 212 of the Taxation of Chargeable Gains Act 1992 (c. 12) (annual deemed disposal of holdings of unit trusts etc.) in subsection (6A)—

(a) in paragraph (a), for “paragraphs (a) to (c) of subsection (1) of section 759” substitute “paragraphs (a) to (c) of subsection (1) of section 756A”;

(b) in paragraph (b), for “that section” substitute “section 759 of that Act”.