# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 85Q: Exceptions from the charge to tax


(1) No liability to tax arises under regulation 85M (the charge to tax: general provisions) if condition A or B is met.
(2) Condition A is that the participant is required to treat units in the FINROF as a loan relationship to which the provisions of Chapter 3 of Part 6 of CTA 2009 apply.
(3) Condition B is that the participant is required to treat units in the FINROF as a derivative contract to which the provisions of Part 7 of CTA 2009 apply.

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Source: https://www.legislation.gov.uk/uksi/2006/964/regulation/85Q (the official version)
Page: https://openlegislation.uk/authorised-investment-funds-tax-regulations-2006/regulation-85Q
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.