# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 69E: The property investment business condition

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

(1) The property investment business condition is that the open-ended investment company must meet conditions A and B throughout the accounting period.
(2) Condition A is that the company’s instrument of incorporation and its prospectus ... include a statement that the company’s investment objectives are—
(a) to carry on property investment business, and
(b) to manage cash raised from investors for investment in the property investment business.
(3) Condition B is that the company must carry on property investment business.
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/69E (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-69E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.