IFM07600 | Investors in tax elected funds (TEFs): TEF distributions (dividends): investors within the charge to income tax

Where a TEF makes TEF distributions (dividends) the investor is treated as receiving a dividend distribution under regulation 69Z60 SI2006/964 (as explained in IFM06330). Amounts that are shown in the accounts of a TEF as available for distribution as dividends are treated as dividends on shares which are paid on the distribution date.