{
  "url": "https://openlegislation.uk/finance-act-2024/schedule-12/paragraph-28",
  "json_url": "https://openlegislation.uk/finance-act-2024/schedule-12/paragraph-28.json",
  "legislation": "ukpga/2024/3",
  "legislation_title": "Finance Act 2024",
  "legislation_url": "https://openlegislation.uk/finance-act-2024",
  "path": "schedule/12/paragraph/28",
  "kind": "paragraph",
  "number": "28",
  "heading": "Investment entity tax transparency election",
  "text": "In section 213 (investment entity tax transparency election), after subsection (6) insert—\n“(6A) Where, ignoring the election, profits and amounts of qualifying tax expense would be allocated to M in accordance with sections 168 and 178 to 181, those profits and amounts are to be allocated—\n(a) first to M, and then\n(b) to O in proportion to the direct ownership interests O is treated as having in M.”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/3/schedule/12/paragraph/28",
    "retrieved_at": "2026-10-29T08:48:28.960167+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}