Part 3Income tax, corporation tax and capital gains tax

Chapter 11Miscellaneous

Offshore matters

145Offshore funds

1

The provisions of the Taxes Act 1988 relating to offshore funds are amended in accordance with Schedule 26 to this Act.

2

Except as otherwise provided—

a

the amendments have effect for account periods (within the meaning of Chapter 5 of Part 17 of that Act) ending on or after the day on which this Act is passed, and

b

regulations made under a power conferred by virtue of any of the amendments may be made so as to have effect in relation to any such account period.