{
  "url": "https://openlegislation.uk/authorised-investment-funds-tax-amendment-regulations-2015/note",
  "json_url": "https://openlegislation.uk/authorised-investment-funds-tax-amendment-regulations-2015/note.json",
  "legislation": "uksi/2015/485",
  "legislation_title": "The Authorised Investment Funds (Tax) (Amendment) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/authorised-investment-funds-tax-amendment-regulations-2015",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964) which make provision about the treatment of authorised investment funds for tax purposes.\nThe Regulations amend regulation 17 to remove the restriction in relation to making interest distributions where a fund receives property income and insert a new regulation 12A which restricts the amount that can be deducted in calculating the profits of a fund by reference to any property income received by a fund. The Regulations also make consequential amendments to a heading and to regulation 13.\nA Tax Information and Impact Note covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/485/note",
    "retrieved_at": "2026-10-28T23:45:01.212751+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."
}