SCHEDULES
SCHEDULE 28

COMPUTATION OF OFFSHORE INCOME GAINS
Part 3

Supplementary

Application of this Schedule in relation to umbrella funds and funds comprising more than one class of interest
9
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.
Source—[1984 Sch.20.]