# The Offshore Funds (Tax) Regulations 2009, Regulation 126: Amendment of ICTA


(1) ICTA is amended as follows.
(2) In section 396(2) (Case VI losses) for “section 761(1)(b)(ii)” substitute “regulation 18(4) of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/[Y])”.
(3) In section 505(3)(b)(iii) (charitable companies) for “section 761(6) below” substitute “regulation 31 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/[Y])”.
(4) In section 587B(9) (gifts of shares, securities and real property to charities etc.), in the definition of “offshore fund”, for “Chapter 5 of Part 17” substitute “section 40A of the Finance Act 2008”.
(5) In section 834A (miscellaneous charges relating to the former Case VI of Schedule D)—
(a) in Part 1 of the Table omit the entry relating to section 761(1)(b)(ii), and
(b) in Part 3 of the Table insert at the end—
“
Regulation 18(4) of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/[Y])
Offshore income gains
”
(6) In section 842(3A) (meaning of investment trust) for “section 761(1)(a)” substitute “regulation 18(1) of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/[Y])”.

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Source: https://www.legislation.gov.uk/ukdsi/2009/9780111486313/regulation/126 (the official version)
Page: https://openlegislation.uk/draft-offshore-funds-tax-regulations-2009/regulation-126
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.