Section 497 Power to change investments that are qualifying investments
The Treasury may by order amend sections 493 to 496 so as to extend or restrict the descriptions of investments of an open-ended investment company, a unit trust scheme or an offshore fund that are qualifying investments for the purposes of those provisions.
The order may make—
different provision for different cases, and
incidental, supplemental, consequential and transitional provision and savings.
In particular, the order may make such incidental modifications of section 495(2) as the Treasury consider appropriate.
Notes on Part 6
Modifications
- C1
Pt. 6 modified (for the tax year 2026-27 and subsequent tax years (but in relation to investment management services whenever performed)) by 2005 c. 5, Sch. A1 para. 35(7) (as inserted by Finance Act 2026 (c. 11), s. 58(6), Sch. 11 para. 1)