# The Offshore Funds (Tax) Regulations 2009, Regulation 126: Amendment of ICTA


(1) ICTA is amended as follows.
(2) In section 396(2) (Case VI losses) for “section 761(1)(b)(ii)” substitute “ regulation 18(4) of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001) ”.
(3) In section 505(3)(b)(iii) (charitable companies) for “section 761(6) below” substitute “ regulation 31 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001) ”.
(4) In section 587B(9) (gifts of shares, securities and real property to charities etc.), in the definition of “offshore fund”, for “Chapter 5 of Part 17” substitute “ section 40A of the Finance Act 2008 ”.
(5) In section 834A (miscellaneous charges relating to the former Case VI of Schedule D)—
(a) in Part 1 of the Table omit the entry relating to section 761(1)(b)(ii), and
(b) in Part 3 of the Table insert at the end—
“
Regulation 18(4) of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)
Offshore income gains
”
(6) In section 842(3A) (meaning of investment trust) for “section 761(1)(a)” substitute “ regulation 18(1) of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001) ”.

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Source: https://www.legislation.gov.uk/uksi/2009/3001/regulation/126 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-126
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.