# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 65: Calculation to be made on the first measuring date


On the first measuring date the participant must calculate the chargeable gain or loss that would have accrued for the purposes of tax in respect of chargeable gains if, on that date, the participant had disposed of the substantial QIS holding for a consideration equal to its market value at that time.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110740300/regulation/65 (the official version)
Page: https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006/regulation-65
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.