# The Authorised Investment Funds (Tax) (Amendment) Regulations 2010, Regulation 7: Amendment of regulation 15


(1) Regulation 15 (interpretation) is amended as follows.
(2) For paragraph (1) substitute—
“(1) In these Regulations—
(a) “income allocation” means the distribution of an amount to participants; and
(b) “distribution” includes the crediting of an amount to the capital part of the scheme property on behalf of a participant in respect of the participant’s accumulation units.”.
(3) In paragraph (2), for “distribution to participants” substitute “income allocation to participants”.
(4) Omit paragraph (3).

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Source: https://www.legislation.gov.uk/uksi/2010/294/regulation/7 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-amendment-regulations-2010/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.