Regulation 95 Modifications of FA 1996

(1)

FA 1996 is modified as follows.

(2)

In paragraph 4 of Schedule 10 (loan relationships: collective investment schemes: company holdings in unit trusts and offshore funds)^f1—

(a)

in sub-paragraph (1)(a) the words “, open-ended investment company” are treated as inserted after the words “unit trust scheme”,

(b)

in sub-paragraph (1)(b) the word “, company” is treated as inserted after the word “scheme”, and

(c)

in sub-paragraph (4) the words “or open-ended investment company” are treated as inserted after the words “authorised unit trust”.

Annotations

f1: Paragraph 4 was amended by paragraph 41 of Schedule 10 to the Finance Act 2004 (c. 12).