# The Offshore Funds (Tax) Regulations 2009, Regulation 128: Amendment of ITTOIA 2005


(1) ITTOIA 2005 is amended as follows.
(2) In section 378A(7) , (offshore fund distributions), in the definition of “offshore fund”, for “Chapter 5 of Part 17 of ICTA (see sections 756A to 756C of that Act)” substitute “ section 40A of FA 2008 ”.
(3) In section 632 (offshore income gains)—
(a) in subsection (2) for “section 761(1) of ICTA (charge to income tax of offshore income gain)” substitute “ regulation 17 of the Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001) (charge to tax) ” , and
(b) in subsection (3) for “Chapter 5 of Part 17 of ICTA (charge to income tax of offshore income gains)” substitute “ Chapter 5 of Part 2 of those Regulations ”.
(4) In section 830(4) (meaning of “relevant foreign income”) for paragraph (aa) substitute—
“(aa) regulation 19 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/128 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-128
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.