Regulation 69Z2 Components of income arising to F (residual)F1

(1)

For the purposes of this Part the income arising to F (residual) consists of—

(a)

distributions qualifying for exemption under section 208 of ICTA, and

(b)

income arising from the business of F (residual).

(2)

Section 21A of ICTA (calculation of profits of Schedule A business) shall apply to income arising from the business of F (residual) if and to the extent that income arising from the business of F (residual) is chargeable to corporation tax under Schedule A.

Annotations

Textual amendments

F1: Pt. 4A inserted (6.4.2008) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2008 (S.I. 2008/705), regs. 1, 5