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Legislation
The Offshore Funds (Tax) Regulations 2009

Crossheading Tax treatment of the reported income of the fund in the hands of participants

  • Section 94 Reported income: general provisions
  • Section 94A Equalisation amounts not treated as distributions
  • Section 95 Participants chargeable to income tax: corporate funds
  • Section 96 Participants chargeable to income tax: other non-transparent funds
  • Section 97 Participants chargeable to income tax: transparent funds
  • Section 98 Participants chargeable to corporation tax
  1. Tax treatment of the reported income of the fund in the hands of participants
  2. Participants chargeable to corporation tax

Regulation 98 | Participants chargeable to corporation tax

From legislation.gov.uk

(1)This regulation applies if some or all of the excess specified in regulation 94 is treated as made to a participant chargeable to corporation tax.

(2)The amount is exempt if it would be exempt if it were an actual distribution made by the fund.

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