{
  "url": "https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-38",
  "json_url": "https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-38.json",
  "legislation": "uksi/2009/3001",
  "legislation_title": "The Offshore Funds (Tax) Regulations 2009",
  "legislation_url": "https://openlegislation.uk/offshore-funds-tax-regulations-2009",
  "path": "regulation/38",
  "kind": "regulation",
  "number": "38",
  "heading": "General provisions",
  "text": "(1) An offshore income gain arises to a person on the disposal of an asset if a basic gain arises on the disposal.\n(2) The disposal gives rise to an offshore income gain of an amount equal to the basic gain on the disposal.\n(3) The following provisions of this Chapter explain how the basic gain is computed.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/3001/regulation/38",
    "retrieved_at": "2026-10-29T03:01:48.652414+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}