# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 69Z56: Components of income


(1) For the purposes of corporation tax, the income arising to a Tax Elected Fund consists of—
(a) dividend income;
(b) property investment income, being—
(i) distributions of profits of C (tax-exempt) in relation to shares held in a UK-REIT, and
(ii) property income distributions in relation to shares held in a Property AIF;
(c) property business income (arising on a breach of the property condition), being—
(i) profits of a UK property business that are not within sub-paragraph (b), and
(ii) income from an overseas property business; and
(d) other income.
(2) In this regulation, “C (tax-exempt)” shall be construed in accordance with Part 4 of FA 2006.

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z56 (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-69Z56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.