Regulation 20 Amounts ineligible for relief under regulation 18: payments to certain unit holders where regulation 3(4) applies
Relief is not to be given under regulation 18 for any part of a deemed payment so far as it is attributable to income treated as received by a unit holder under regulation 15 where the unit holder—
(a)
disposed of its units in the circumstances described in regulation 3(4)(c), and
(b)
was not UK resident at the time the income is treated as received.