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Contents

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. Unlisted trading company exception: further provision

Regulation 31C | Unlisted trading company exception: further provision

From legislation.gov.uk

No liability to tax arises under regulation 17 if—F1

(a)the disposal is of an interest in an offshore fund whose business consists solely of holding an interest in another offshore fund (“X”), andF1

(b)conditions B to D of regulation 31A apply in relation to X.F1

Notes

  1. F1

    Regs. 31A-31C inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211), regs. 1(1), 19

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