# The Offshore Funds (Tax) Regulations 2009, Regulation 26: Trading stock etc.


(1) No liability to tax arises under regulation 17 if condition A or B is met.
(2) Condition A is that the interest in the fund is held as trading stock.
(3) Condition B is that the disposal of the interest is taken into account in computing the profits of a trade.

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Source: https://www.legislation.gov.uk/uksi/2009/3001/regulation/26 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.