# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 85Z: General provisions


(1) An income gain arises to a person on the disposal of an asset if a basic gain arises on the disposal.
(2) The disposal gives rise to an income gain of an amount equal to the basic gain on the disposal.
(3) The following provisions of this Chapter explain how the basic gain is computed.

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