# The Authorised Investment Funds (Tax) Regulations 2006, Regulation 79: Ending of accounting period of the target trust


(1) An accounting period of the target trust (the “pre-transfer accounting period”) ends immediately before the transfer date; and, for the purposes of the Corporation Tax Acts, the whole of the scheme property of the target trust that is available for transfer is treated as having been transferred immediately after the end of that accounting period.
(2) This regulation applies despite anything in section 12(1) to (7) of ICTA (periods of assessment for corporation tax).

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110740300/regulation/79 (the official version)
Page: https://openlegislation.uk/draft-authorised-investment-funds-tax-regulations-2006/regulation-79
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.