Paragraph 11

(1)

This paragraph applies if—

(a)

an election under paragraph 8 of Schedule 5AAA to TCGA 1992 (election for F1CIV to be treated as partnership for purposes of Act) has effect in respect of an offshore collective investment F2vehicle (within the meaning of that Schedule),

(b)

a disposal is made of property that is the F3subject of or held by the vehicle,

(c)

the disposal is made before the day on which this election is made, and

(d)

a person is required to make a return under this Schedule in respect of the disposal.

(2)

The disposal is treated for the purposes of this Part of this Schedule as if it completed on the day on which the election is made.

Annotations

Textual amendments

F1: Word in Sch. 2 para. 11(1)(a) substituted (with effect in accordance with s. 41(5) of the amending Act) by Finance Act 2026 (c. 11), s. 41(3)(c)(i)(5)
F2: Word in Sch. 2 para. 11(1)(a) substituted (with effect in accordance with s. 41(5) of the amending Act) by Finance Act 2026 (c. 11), s. 41(3)(c)(ii)(5)
F3: Words in Sch. 2 para. 11(1)(b) substituted (with effect in accordance with s. 41(5) of the amending Act) by Finance Act 2026 (c. 11), s. 41(3)(d)(5)

Notes on Collective investment vehicles to which Sch.5AAA to TCGA 1992 applies

Textual amendments

F1: Word in Sch. 2 para. 10 cross-heading substituted (with effect in accordance with s. 41(5) of the amending Act) by Finance Act 2026 (c. 11), s. 41(3)(a)(5)