Regulation 80 | Treatment of investment transactions carried out by diversely owned funds

(1)This regulation applies if a diversely owned fund carries out an investment transaction in an accounting period.

(2)The investment transaction is treated as a non-trading transaction.

(3)For the purposes of these Regulations an “investment transaction” is an investment transaction specified by regulation 2 of the Investment Transactions (Tax) Regulations 2014.^F1