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Regulation 80 Treatment of investment transactions carried out by diversely owned fundsC1C2

United Kingdom

(1)

This regulation applies if a diversely owned fund carries out an investment transaction in an accounting period.

(2)

The investment transaction is treated as a non-trading transaction.

F1(3)

For the purposes of these Regulations an “investment transaction” is an investment transaction specified by regulation 2 of the Investment Transactions (Tax) Regulations 2014.

Annotations

Textual amendments

F1

Reg. 80(3) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Investment Transactions (Tax) Regulations 2014 (S.I. 2014/685), regs. 1(1), 8(2)

Modifications

C1

Reg. 80 applied (1.1.2012) by The Investment Trust (Approved Company) (Tax) Regulations 2011 (S.I. 2011/2999), regs. 1(1), 42(4) (with reg. 1(3))

C2

Reg. 80 applied (6.4.2014) by The Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819), regs. 1(3), 22(8)