# The Authorised Investment Funds (Tax) (Amendment No. 2) Regulations 2010, Regulation 4: Amendment of regulation 48 (general)


(1) Amend regulation 48 (general) as follows.
(2) In paragraph (2)(b) for “income tax at the basic rate” substitute “tax at a rate equal to the basic rate of income tax”.
(3) After paragraph (2B) insert—
“(2C) Regulation 48A makes provision in relation to the unfranked part of the dividend distribution treated as an annual payment under paragraph (2)(a) and regulation 48B makes provision in relation to the tax treated as deducted under paragraph (2)(b).”.

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Source: https://www.legislation.gov.uk/uksi/2010/1642/regulation/4 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-amendment-no-2-regulations-2010/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.