SCHEDULEAbbreviations and Defined Expressions

PART 1Abbreviations of Acts

Annotations:

TMA 1970

The Taxes Management Act 1970 (c. 9).

ICTA

The Income and Corporation Taxes Act 1988 (c. 1)

TCGA 1992

The Taxation of Chargeable Gains Act 1992 (c. 12)

F2FA 1993

The Finance Act 1993 (c. 34)

F2FA 1994

The Finance Act 1994 (c. 9)

FA 1996

The Finance Act 1996 (c. 8)

FISMA 2000

The Financial Services and Markets Act 2000 (c. 8)

FA 2002

The Finance Act 2002 (c. 23).

ITEPA 2003

The Income Tax (Earnings and Pensions) Act 2003 (c. 1)

ITTOIA 2005

The Income Tax (Trading and Other Income) Act 2005 (c. 5)

F2FA 2006

The Finance Act 2006 (c. 25)

F2ITA 2007

The Income Tax Act 2007 (c. 3)

F15CTA 2009

The Corporation Tax Act 2009 (c. 4)

F27CTA 2010

The Corporation Tax Act 2010 (c. 4)

F22TIOPA 2010

The Taxation (International and Other Provisions) Act 2010 (c. 8)

F26FA 2012

The Finance Act 2012 (c. 14)

PART 2Index of expressions defined or otherwise explained in these Regulations

Annotations:
Amendments (Textual)
F4

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(i)

F25

Words in Sch. Pt. 2 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2012 (S.I. 2012/1783), regs. 1(1), 5

F5

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(ii)

F6

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(iii)

F20

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 22(2)(a)

F21

Words in Sch. Pt. 2 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 22(2)(b)

F7

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(iv)

F9

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(v)

F14

Words in Sch. Pt. 2 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(c)

F28

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Investment Transactions (Tax) Regulations 2014 (S.I. 2014/685), regs. 1(1), 7(4)

F10

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(vi)

F11

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(vii)

F12

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(viii)

F23

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/244), regs. 1(1), 7(2)(a) (with reg. 8)

F24

Words in Sch. Pt. 2 inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/244), regs. 1(1), 7(2)(b) (with reg. 8)

F13

Words in Sch. Pt. 2 substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(b)

F8

Words in Sch. Pt. 2 omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 29(a)(ix)

Accumulation unit

Regulation 6(5)

Acquiring company (in Chapter 2 of Part 6)

Regulation 78(7)

Alternative finance arrangements (in Part 3)

Regulation 21(11)

F3Applicant (in Part 4A)

Regulation 69O(6)

F19Applicant (in Part 4B)

Regulation 69Z49(5)

F19Application (in Part 4B)

Regulation 69Z49(5)

Authorised (in relation to unit trust schemes)

Regulation 5(2)

Authorised corporate director

Regulation 8

Authorised investment funds

Regulation 3

F3Balance of business conditions (in Part 4A)

Regulation 69N

F3Body corporate (in Part 4A)

Regulation 69L(6)

Capital profits, gains or losses (in Part 2)

Regulation 12

F3Cessation (in Part 4A)

Regulation 69C(2)

F19Cessation (in Part 4B)

Regulation 69Z44

F4. . .

F4. . .

Collective investment scheme

Regulation 8

Commissioners

Regulation 8

Consideration shares (in Chapter 2 of Part 6)

Regulation 78(7)

Contract for differences (in Part 3)

Regulation 21(9)

F3Corporate ownership condition (in Part 4A)

Regulation 69K

Creditor relationship

Regulation 8

F25Dedicated feeder fund

Regulation 69C(4)

Deduction obligation (in Part 4)

Regulation 26(3)

Derivative contract

Regulation 8

F5. . .

F5. . .

F6. . .

F6. . .

F20. . .

F20. . .

F21Distribution

Regulation 15(1)(b)

F20. . .

F20. . .

Distribution date

Regulation 15(4)

F19Distribution income (in Part 4B)

Regulation 69Z56(1)(a)

Distribution period

Regulation 15(2)

F19Diversely owned AIF

Regulation 14E(2)

Dividend distribution

Regulation 22(3)

F7. . .

F7. . .

F21Elective FINROF (in Part 6A)

Regulation 85F

F3Entry (in Part 4A)

Regulation 69C(1)

F19Entry (in Part 4B)

Regulation 69Z44

F3Excessive holding (in Part 4A)

Regulation 69Z13(3)

Exchanged units (in Chapter 2 of Part 6)

Regulation 78(7)

F3Existing company notice (in Part 4A)

Regulation 69O(6)

F19Existing fund application (in Part 4B)

Regulation 69Z49(5)

F9. . .

F9. . .

F21FINROF (in Part 6A)

Regulation 85A

F19Fund documents

Regulation 9A(10)

F3Future company notice (in Part 4A)

Regulation 69O(6)

F19Future fund application (in Part 4B)

Regulation 69Z49(5)

F3F (post-cessation) (in Part 4A)

Regulation 69C(3)(d)

F3F (pre-entry) (in Part 4A)

Regulation 69C(3)(a)

F3F (residual) (in Part 4A)

Regulation 69C(3)(c)

F3F (tax-exempt) (in Part 4A)

Regulation 69C(3)(b)

F3Genuine diversity of ownership condition F16...

Regulation F179A

F21Gross asset value (in Part 6A)

Regulation 85C

F3Holder of excessive rights (in Part 4A)

Regulation 69Z13

F21Income allocation

Regulation 15(1)(a)

F19Information notice (in Part 4B)

Regulation 69Z67(2)

F19Instrument constituting the fund

Regulation 6(7)

F14instrument constituting the scheme

regulation F186(7)

Interest distribution

Regulation 18(3)

F21Investment condition (in Part 6A)

Regulation 85D

F28. . .

F28. . .

Investments

Regulation 8

F10. . .

F10. . .

Legal owner

Regulation 6(1)

F3Loan creditor condition (in Part 4A)

Regulation 69M

F19Loan creditor condition (in Part 4B)

Regulation 69Z47

F29Long-term asset fund

Regulation 14DA(4)

Manager

Regulation 6(3)

F11. . .

F11. . .

F12. . .

F12. . .

Net asset value

Regulation 8

F3Net income (in Part 4A)

Regulation 69Z

F3Net income of F (residual) (in Part 4A)

Regulation 69Z2

F3Net income of F (tax-exempt) (in Part 4A)

Regulation 69Z1

F3Newly qualified company (in Part 4A)

Regulation 69N(5)

F23. . .

F23. . .

F24Non-reporting fund

Regulation 8

F23. . .

F23. . .

F24Offshore fund

Regulation 8

F23. . .

F23. . .

F24Offshore Funds Regulations

Regulation 8

Open-ended investment company

Regulation 4

Owner of shares

Regulation 8

F3PAIF distribution (dividends) (in Part 4A)

Regulation 69Z17(3)

F3PAIF distribution (interest) (in Part 4A)

Regulation 69Z16(3)

Participant

Regulation 6(6)

F3Pre-distribution amount (in Part 4A)

Regulation 69Z3

Pre-transfer accounting period (in Chapter 2 of Part 6)

Regulation 79(1)

F3Property AIF

Regulation 69A(2)

F19Property condition (in Part 4B)

Regulation 69Z46

F19Property business income (in Part 4B)

Regulation 69Z56(1)(c)

F3Property income distribution

Regulation 69Z15(4)

F3Property investment business (in Part 4A)

Regulation 69F(1)

F19Property investment income (in Part 4B)

Regulation 69Z56(1)(b)

F3Property rental business (in Part 4A)

Regulation 69H(1)

F20. . .

F20. . .

F21Prospectus

Regulation 8

F3Qualifying certificate

Regulation 35

Qualified investor scheme

Regulation F1314B(4)

Qualifying investments

Regulation 20

Qualifying units (in another authorised investment fund) (in Part 3)

Regulation 21(3)

F19Refusal notice (in Part 4B)

Regulation 69Z52(1)

F3Relevant distribution (in Chapter 6 of Part 4A)

Regulation 69Z29(1)(b)

Relevant period (in Part 3)

Regulation 19(2)

F24Reportable income

Regulation 8

Reporting date

Regulation 8

F23. . .

F23. . .

F24Reporting fund

Regulation 8

F1reputable intermediary condition (in Part 4)

Regulation 27

F1residence condition (in Part 4)

Regulation 30

Residence declaration

Regulation 8

Scheme property

Regulation 6(2)

Securities (in Part 3)

Regulation 21(2)

F3Specified accounting period (in Part 4A)

Regulation 69Q(2)

F19Specified accounting period (in Part 4B)

Regulation 69Z51(2)

F8. . .

F8. . .

F21Statement of Recommended Practice

Regulation 8

Target trust (in Chapter 2 of Part 6)

Regulation 78(7)

F19Tax Elected Fund

Regulation 69Z42(2)

Tax year

Regulation 8

F19TEF conditions (in Part 4B)

Regulation 69Z45(a)

F19TEF distribution (dividend) (in Part 4B)

Regulation 69Z60(3)

F19TEF distribution (non-dividend)

Regulation 69Z61(3)

F3Termination notice (in Part 4A)

Regulation 69Z37(1)

F19Termination notice (in Part 4B)

Regulation 69Z70(1)

Transfer date (in Chapter 2 of Part 6)

Regulation 78(7)

F3UK-REIT

Regulation 69F(2).

Umbrella company

Regulation 7(1)

Umbrella scheme

Regulation 7(4)

Underlying subject matter (in Part 3)

Regulation 21(6)

Unit holder

Regulation 5(3)

Unit trust scheme

Regulation 5(1)

Units

Regulation 6(4)

The whole of the scheme property of an authorised unit trust that is available for transfer (in Chapter 2 of Part 6)

Regulation 78(7)