# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 34: The non-liability condition


(1) The non-liability condition is met with respect to a participant on the distribution date if conditions A and B are met.
(2) Condition A is that the person beneficially entitled to the interest distribution is unlikely to be liable to pay any amount by way of income tax for the tax year in which the interest distribution is made.
(3) Condition B is that a qualifying certificate has been given to the legal owner of the authorised investment fund.
(4) A qualifying certificate must be signed by the person giving it.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110740300/regulation/34 (the official version)
Page: https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006/regulation-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.