# The Authorised Investment Funds (Tax) (Amendment) Regulations 2009, Regulation 31: Amendment of regulation 96

Extent: E+W+S+N.I.

(1) Regulation 96 (modifications of ITTOIA 2005) is amended as follows.
(2) After paragraph (1) insert—
“(1A) In the application of the provisions specified in paragraph (1B) in relation to a Property AIF and a Tax Elected Fund—
(a) for “the total” substitute “an”, and
(b) the amount available for distribution as PAIF distribution (interest) or TEF distribution (non-dividend), as the case may be, shall be treated as the amount available for distribution as yearly interest.
(1B) The specified provisions are—
(a) section 373(1) (open-ended investment company interest distributions), and
(b) section 376(1) (authorised unit trust interest distributions).”.
(3) In paragraph (3)(b) for “376(1)” substitute “377(1)”.

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Source: https://www.legislation.gov.uk/uksi/2009/2036/regulation/31 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-amendment-regulations-2009/regulation-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.