Taxation (International and Other Provisions) Act 2010 Explanatory Notes

Section 361: Treatment of arrangements comprising more than one class of interest

658.This section sets out the treatment of arrangements where there is more than one class of interest. It is based on sections 40A(1) and 40D of FA 2008.

659.Each class of arrangements is looked at separately for the purposes of determining whether the arrangements constitute a mutual fund, and the main arrangements are disregarded.

Back to top