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The Offshore Funds (Tax) Regulations 2009

Consolidated Text As Enacted Cited authorities 146 Cited in Amendments 90 Related
Vincent
JurisdictionUK Non-devolved
CitationSI 2009/3001
Year2009
(1) These Regulations may be cited as the Offshore Funds (Tax) Regulations 2009 and shall come into force on 1st December 2009.for the tax year 2009-10 and subsequent tax years, andfor distributions made on or after 1st December 2009;on income, for accounting periods ending on or after 1st December 2009 and for distributions made on or after that date, andon chargeable gains, in relation to disposals made on or after 1st December 2009; andfor the purposes of capital gains tax, in relation to disposals made on or after 1st December 2009.(3) Paragraph (2) is subject to Schedule 1 to these Regulations (transitional provisions and savings) .
  • The structure of these Regulations is as follows—
    • (1) In these Regulations “offshore fund” has the meaning given by section 40A(2) of FA 2008 (read with the provisions of the relevant group of sections) .(2) Paragraph (1) does not apply to the use of the words “offshore fund” in the expression “material interest in an offshore fund”.non-reporting funds (see Part 2 of these Regulations) , andreporting funds (see Part 3 of these Regulations) .(2) F67In a period of account an offshore fund is a non-reporting fund unless it is a fund to which

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