Commentary

D8.111 Qualifying conditions

Corporate tax
Corporate tax | Commentary

D8.111 Qualifying conditions

Corporate tax | Commentary

D8.111 Qualifying conditions

In general provided a fund is an authorised unit trust or an OEIC no further conditions need be met in order that it fall within the regime applicable to authorised investment funds. However an authorised investment fund must, from 1 January 2009, meet what is termed in the legislation the 'genuine diversity of ownership condition' if it is (or will be applying to be) one of the following:

  1.  

    (a)     a fund investing in diversely owned funds (D8.113)

  2.  

    (b)     a qualified investor scheme (D8.125, D8.126)

  3.  

    (c)     a property authorised investment fund (D8.130); or

  4.  

    (d)     a tax elected fund

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