Regulation 4 Classification of offshore funds

United Kingdom

(1)

Offshore funds consist of—

(a)

non-reporting funds (see Part 2 of these Regulations), and

(b)

reporting funds (see Part 3 of these Regulations).

(2)

F1In a period of account an offshore fund is a non-reporting fund unless it is a fund to which Part 3 of these Regulations applies F2....

Annotations

F1: Words in reg. 4(2) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211), regs. 1(1), 28(a)
F2: Words in reg. 4(2) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211), regs. 1(1), 28(b)