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Legislation
Taxation (International and Other Provisions) Act 2010

Crossheading Supplementary

  • Section 360 Treatment of umbrella arrangements
  • Section 361 Treatment of arrangements comprising more than one class of interest
  • Section 362 Meaning of “participant” and “participation”
  • Section 363 Meaning of “umbrella arrangements” and “part of umbrella arrangements”
  • Section 363A Residence of undertakings for collective investment in transferable securities and alterative investment funds
  1. Supplementary
  2. Treatment of arrangements comprising more than one class of interest

Section 361 | Treatment of arrangements comprising more than one class of interest

From legislation.gov.uk

(1)This section has effect for the purposes of this Part.

(2)Where there is more than one class of interest in arrangements (the “main arrangements”)—

(a)the arrangements relating to each class of interest are to be treated as separate arrangements, and

(b)the main arrangements are to be disregarded.

(3)In relation to umbrella arrangements, “class of interest” does not include a part of the umbrella arrangements (but there may be more than one class of interest in a part of umbrella arrangements).

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