# The Offshore Funds (Tax) (Amendment) Regulations 2013, Regulation 2: Amendment of the Offshore Funds (Tax) Regulations 2009


(1) The Offshore Funds (Tax) Regulations 2009 are amended as follows.
(2) In regulation 17 (the charge to tax), after paragraph (3) insert—
“(3A) Where the asset is an interest in a reporting fund acquired in consequence of an arrangement to which section 135 (exchange of securities for those in another company treated as not involving a disposal) or section 136 (scheme of reconstruction involving issue of securities treated as exchange not involving a disposal) of TCGA 1992 applied, the reporting fund referred to in sub-paragraph (b) of condition B is the fund that was company A for the purposes of either of those sections and the interest referred to in sub-paragraph (c) of condition B is the interest in that fund.”

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Source: https://www.legislation.gov.uk/uksi/2013/661/regulation/2 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-amendment-regulations-2013/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.