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Legislation
The Offshore Funds (Tax) Regulations 2009

CHAPTER 3 EXCEPTIONS ETC. FROM THE CHARGE TO TAX

  • Section 25 Exceptions from the charge
  • Section 26 Trading stock etc.
  • Section 27 Long-term insurance funds of insurance companies
  • Section 28 Loans other than participating loans
  • Section 29 Interests in transparent funds
  • Section 30 Rights in certain existing holdings
  • Section 31 Charitable companies and charitable trusts
  • Section 31A Unlisted trading company exception
  • Section 31B Unlisted trading company exception: the investment condition
  • Section 31C Unlisted trading company exception: further provision
  1. Chapter 3 · EXCEPTIONS ETC. FROM THE CHARGE TO TAX
  2. Trading stock etc.

Regulation 26 | Trading stock etc.

From legislation.gov.uk

(1)No liability to tax arises under regulation 17 if condition A or B is met.

(2)Condition A is that the interest in the fund is held as trading stock.

(3)Condition B is that the disposal of the interest is taken into account in computing the profits of a trade.

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