{
  "url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-27/paragraph-9",
  "json_url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-27/paragraph-9.json",
  "legislation": "ukpga/1988/1",
  "legislation_title": "Income and Corporation Taxes Act 1988",
  "legislation_url": "https://openlegislation.uk/income-and-corporation-taxes-act-1988",
  "path": "schedule/27/paragraph/9",
  "kind": "paragraph",
  "number": "9",
  "heading": null,
  "text": "(1) The references in paragraphs 7 and 8(1) above to the primary fund’s share of—\n(a) an interest forming part of the assets of the qualifying fund, or\n(b) the excess income (as defined in paragraph 8 above) of the qualifying fund,\nshall be construed as references to the fraction specified in sub-paragraph (2) below of that interest or excess income.\n(2) In relation to any account period of the primary fund, the fraction referred to in sub-paragraph (1) above is—\nCDwhere—\nC is the average value of the primary fund’s holding of interests in the qualifying fund during that period; and\nD is the average value of all the interests in the qualifying fund held by any persons during that period.",
  "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/1988/1/schedule/27/paragraph/9",
    "retrieved_at": "2026-10-29T09:49:54.309394+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."
}