# The Offshore Funds (Tax) Regulations 2009, Paragraph 3


(1) This paragraph applies in the case of an existing fund.
(2) The fund may apply in writing to HMRC to be treated as a distributing fund in respect of the overlap period.
(3) If the fund has made a successful application under sub-paragraph (2), the fund may apply in writing to HMRC to continue to be treated as a distributing fund in respect of the succeeding period.
(4) The repeal by these Regulations of the enactments specified in Schedule 2 does not affect the continued operation of those provisions for the purposes of this paragraph.

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Source: https://www.legislation.gov.uk/ukdsi/2009/9780111486313/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/draft-offshore-funds-tax-regulations-2009/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.