# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 48A: Income treated as an annual payment treated as foreign income


If there is a foreign element of the tax treated as deducted under regulation 48(2)(b) (see regulation 48B), a corresponding proportionate part of the distribution which is treated as an annual payment under regulation 48(2)(a) is treated as if it were income that—
(a) arises in a territory of the kind mentioned in regulation 48B(3)(a), and
(b) is income by reference to which the tax treated under that provision as payable was computed.

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/48A (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-48A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.