{
  "url": "https://openlegislation.uk/authorised-investment-funds-tax-amendment-no-3-regulations-2008/regulation-24",
  "json_url": "https://openlegislation.uk/authorised-investment-funds-tax-amendment-no-3-regulations-2008/regulation-24.json",
  "legislation": "uksi/2008/3159",
  "legislation_title": "The Authorised Investment Funds (Tax) (Amendment No. 3) Regulations 2008",
  "legislation_url": "https://openlegislation.uk/authorised-investment-funds-tax-amendment-no-3-regulations-2008",
  "path": "regulation/24",
  "kind": "regulation",
  "number": "24",
  "heading": "Amendment of regulation 69Z19",
  "text": "For paragraph (1) of regulation 69Z19 (PAIF distributions (interest): liability to tax of participants) substitute—\n“(1) A PAIF distribution (interest) received by a participant in an open-ended investment company to which this Part applies shall be treated—\n(a) in the case of a participant within the charge to corporation tax, as if it were interest arising from a loan relationship; and\n(b) in 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.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "2005, c. 5."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/3159/regulation/24",
    "retrieved_at": "2026-10-29T03:20:23.268530+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}