The Authorised Investment Funds (Tax) (Amendment) (No. 2) Regulations 2013 No. 2994

Gross payment of interest distributions

3.  In regulation 26 (deduction of tax where interest distributions made)—

(a) in paragraph (2), for “section 349(2) of ICTA” substitute “section 874 of ITA 2007”, and

(b) in paragraph (4)—

(i) at the end of sub-paragraph (c) omit “or”, and

(ii) at the end insert—

“, or

(f) the offshore marketing condition is met with respect to the class of units in relation to which the distribution is made (see regulation 33A).”.