# The Offshore Funds (Tax) (Amendment) Regulations 2011, Regulation 33: Amendment to regulation 67 (income from wholly-owned subsidiaries)

Extent: E+W+S+N.I.

In regulation 67 (income from wholly-owned subsidiaries) in paragraph (2)—
(a) in sub-paragraph (a) for “and beneficially” substitute “or indirectly”, and
(b) in sub-paragraph (b) after “directly” insert “or indirectly”.

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Source: https://www.legislation.gov.uk/uksi/2011/1211/regulation/33 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-amendment-regulations-2011/regulation-33
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.