Regulation 17 Allocation of incomeF4

United Kingdom

F1(1)

The total amount available for income allocation must be allocated in one of the following ways—

(a)

for distribution as yearly interest (see regulations 18 to 21); or

(b)

for distribution as dividends (see regulation 22).

F2(1A)

Paragraph (1) does not apply in relation to an authorised investment fund to which Part 4A or 4B applies.

F3(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

F1: Reg. 17(1) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 8(3) (with reg. 24)
F2: Reg. 17(1A) inserted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 11
F3: Reg. 17(2) omitted (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2015 (S.I. 2015/485), regs. 1(1), 2(5)
F4: Reg. 17 heading substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 8(2) (with reg. 24)

F1: Reg. 17 cross-heading omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 8(2) (with reg. 24)