# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 66: Reorganisations etc.


(1) For the purposes of this Chapter, sections 116(10) and 127 of TCGA 1992 (reorganisations) do not apply to a substantial QIS holding in a qualified investor scheme; and a transaction which would otherwise have fallen within either of those provisions is treated as involving a disposal and subsequent acquisition of that holding.
(2) The consideration for the subsequent acquisition is a consideration equal to the market value of the holding immediately before the acquisition.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110740300/regulation/66 (the official version)
Page: https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006/regulation-66
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.