# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 69Y: Chargeability to corporation tax


(1) The net income of F (tax-exempt) (see regulation 69Z1) shall not be charged to corporation tax.
(2) The net income of F (residual) (see regulation 69Z3) shall be charged to corporation tax at the rate applicable for open-ended investment companies (see section 468A(1) of ICTA).

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