# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 85C: Interpretation

Extent: E+W+S+N.I.

In this Part—
“gross asset value” means the value of the investments comprising the scheme property of the authorised investment fund before the deduction of specified liabilities, but does not include cash awaiting investment;
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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/85C (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-85C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.