http://www.legislation.gov.uk/uksi/2006/964/regulation/69Z19/2009-01-01The Authorised Investment Funds (Tax) Regulations 2006texttext/xmlenINCOME TAXCORPORATION TAXCAPITAL GAINS TAXStatute Law Database2024-05-16Expert Participation2009-01-01In the Finance (No. 2) Act 2005 (c. 22) (“the 2005 Act”), Chapter 3 of Part 2 makes provision relating to authorised investment funds. Existing statutory provisions dealing with authorised investment funds cease to have effect on such day as the Treasury may appoint by order (see sections 17(1) and 19(1) of the 2005 Act). Arrangements are being made for the enactments specified in section 17(1) of the 2005 Act to be repealed.The Authorised Investment Funds (Tax) Regulations 2006PART4A<Addition ChangeId="key-228ceee17a63954421c7bcbab46e5182-1576170819481" CommentaryRef="key-228ceee17a63954421c7bcbab46e5182">PROPERTY AIFS</Addition>CHAPTER5<Addition ChangeId="key-228ceee17a63954421c7bcbab46e5182-1576170819481" CommentaryRef="key-228ceee17a63954421c7bcbab46e5182">THE TREATMENT OF PARTICIPANTS IN PROPERTY AIFS</Addition><Addition ChangeId="key-228ceee17a63954421c7bcbab46e5182-1576170819481" CommentaryRef="key-228ceee17a63954421c7bcbab46e5182">Treatment of distributions: liability to tax of participants</Addition><Addition ChangeId="key-228ceee17a63954421c7bcbab46e5182-1576170819481" CommentaryRef="key-228ceee17a63954421c7bcbab46e5182">PAIF distributions (interest): liability to tax of participants</Addition>69Z191A PAIF distribution (interest) received by a participant in an open-ended investment company to which this Part applies shall be treated—ain the case of a participant within the charge to corporation tax, as if it were interest arising from a loan relationship; andbin the case of a participant within the charge to income tax, as if it were a payment of yearly interest falling within Chapter 2 of Part 4 of ITTOIA 2005.2Sections 231 of ICTA and 397 of ITTOIA 2005 (tax credits in respect of qualifying distributions) shall not apply to PAIF distributions (interest).Pt. 4A inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 5Reg. 69Z19(1) substituted (1.1.2009) by The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008 (S.I. 2008/3159), regs. 1(1), 24
