# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 14: Treatment of deficits on loan relationships

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

Section 83(2)(c) of FA 1996 (carrying back of non-trading deficit on loan relationships) shall not have effect in relation to the loan relationships of an authorised investment fund (so that, accordingly, if for any accounting period there is a deficit on the loan relationships of the authorised investment fund, the deficit may not be carried back to be set off against profits for earlier accounting periods).
This is subject to regulation 14B (tax treatment of qualified investor schemes).

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/14 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.