PART 4CONSEQUENTIAL AMENDMENTS
Amendment of ICTA126
1
ICTA is amended as follows.
2
In section 396(2) M1
(Case VI losses) for “section 761(1)(b)(ii)” substitute “
regulation 18(4) of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)
”
.
3
In section 505(3)(b)(iii) M2
(charitable companies) for “section 761(6) below” substitute “
regulation 31 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)
”
.
4
In section 587B(9) M3
(gifts of shares, securities and real property to charities etc.), in the definition of “offshore fund”, for “Chapter 5 of Part 17” substitute “
section 40A of the Finance Act 2008
”
.
5
In section 834A M4 (miscellaneous charges relating to the former Case VI of Schedule D)—
a
in Part 1 of the Table omit the entry relating to section 761(1)(b)(ii), and
b
in Part 3 of the Table insert at the end—
Regulation 18(4) of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)
Offshore income gains
6
In section 842(3A) M5
(meaning of investment trust) for “section 761(1)(a)” substitute “
regulation 18(1) of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)
”
.