# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 69Z20: Property distributions (dividends): liability to tax of participants


(1) A PAIF distribution (dividends) received by a participant in an open-ended investment company to which this Part applies shall be treated as if it were a dividend on shares.
(2) If a PAIF distribution (dividends) is made for a distribution period to a participant chargeable to corporation tax, regulations 48 to 52A shall not apply to the distribution.

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z20 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-69Z20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.