{
  "url": "https://openlegislation.uk/corporate-interest-restriction-consequential-amendments-regulations-2017/regulation-2",
  "json_url": "https://openlegislation.uk/corporate-interest-restriction-consequential-amendments-regulations-2017/regulation-2.json",
  "legislation": "uksi/2017/1227",
  "legislation_title": "The Corporate Interest Restriction (Consequential Amendments) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/corporate-interest-restriction-consequential-amendments-regulations-2017",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendments to the Authorised Investment Funds (Tax) Regulations 2006",
  "text": "(1) The Authorised Investment Funds (Tax) Regulations 2006 are amended as follows.\n(2) In regulation 18 (interest distributions: general), after paragraph (2) insert—\n“(2A) For the purposes of Part 10 (Corporate Interest Restriction) of TIOPA 2010, an interest distribution is treated as not being a tax-interest expense amount of the authorised investment fund.”\n(3) In regulation 69Z16 (PAIF distributions (interest)), after paragraph (2) insert—\n“(2A) For the purposes of Part 10 (Corporate Interest Restriction) of TIOPA 2010, a PAIF distribution (interest) is treated as not being a tax-interest expense amount of the company.”\n(4) In regulation 69Z61 (TEF distributions (non-dividend)), after paragraph (2) insert—\n“(2A) For the purposes of Part 10 (Corporate Interest Restriction) of TIOPA 2010, a TEF distribution (non-dividend) is treated as not being a tax-interest expense amount of the Tax Elected Fund.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2006/964; relevant amending instruments are S.I. 2008/705 and 2009/2036."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "A new Part 10 was inserted into the Taxation (International and Other Provisions) Act 2010 (c. 8) by paragraph 1 of Schedule 5 to the Finance (No. 2) Act 2017; “tax-interest expense amount” is defined in section 382 of that Part."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Regulation 69Z16 was inserted by S.I. 2008/705."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Regulation 69Z61 was inserted by S.I. 2009/2036."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/1227/regulation/2",
    "retrieved_at": "2026-10-28T23:05:05.320462+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}