# The Offshore Funds (Tax) Regulations 2009, Regulation 101: Special provisions applying to charitable companies and charitable trusts


(1) This regulation applies if—
(a) a charitable company is a participant in a reporting fund, or
(b) the trustees of a charitable trust are participants in a reporting fund.
(2) No liability to tax arises in respect of any amount which, under regulation 94(1), is treated as distributed to a charitable company or the trustees of a charitable trust.
(3) Paragraph (2) of regulation 99 (read with paragraphs (3) and (4) of that regulation) does not apply to the disposal of an interest in a reporting fund by a charitable company or the trustees of a charitable trust.
(4) In this regulation “charity” and “charitable company” have the same meaning as in section 506 of ICTA .

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Source: https://www.legislation.gov.uk/uksi/2009/3001/regulation/101 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-101
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.