Regulation 69Z14 Allocation of incomeF1 F3

United Kingdom

F2The total amount available for income allocation in an open-ended investment company to which this Part applies shall be attributed—

(a)

first, to property income distributions up to the amount of the net income of F (tax-exempt) (determined in accordance with regulation 69Z1),

(b)

secondly, to PAIF distributions (interest) up to the pre-distribution amount (determined in accordance with regulation 69Z3), and

(c)

finally, to PAIF distributions (dividends).

Annotations

F1: Pt. 4A inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 5
F2: Words in reg. 69Z14 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), 16(3) (with reg. 24)
F3: Reg. 69Z14 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), 16(2) (with reg. 24)