SCHEDULES

F1F1SCHEDULE 27

Annotations:
Amendments (Textual)
F1

Sch. 27 repealed (1.12.2009 with effect in accordance with reg. 1(2) of the repealing S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 13(2)(3), Sch. 2 (with saving in Sch. 1 para. 3(4)) (subject, as saved, to modification by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 9 para. 24)

PART IV SUPPLEMENTARY

Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest

21

1

The Treasury may make provision by regulations as to the application of the provisions of this Schedule in relation to—

a

a part of an umbrella fund which is treated as an offshore fund under section 756B, or

b

a class of interest in an offshore fund which is treated as an offshore fund under section 756C.

2

Regulations under this paragraph may—

a

make different provision for different cases, and

b

include such supplementary, incidental, consequential or transitional provisions (including provisions modifying the effect of other enactments) as appear to the Treasury to be necessary or expedient.