Commentary

D8.151 Qualifying conditions

Corporate tax
Corporate tax | Commentary

D8.151 Qualifying conditions

Corporate tax | Commentary

D8.151 Qualifying conditions

The provisions apply automatically to an authorised investment fund which1:

  1.  

    (a)     meets the investment condition (ie the total amount invested in non-reporting funds or other FINROFs is, from 6 March 2011, more than 50% (20% prior to this date)2 of the gross asset value of the authorised investment fund (excluding cash awaiting investment)). Non-reporting funds do not include interests in offshore funds that are exempt from a charge to tax on disposal by virtue of SI 2009/3001, regs 29, 30 or any interest of an AIF in a non-reporting fund which meets the conditions of SI 2006/964,

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial