# The Offshore Funds (Tax) Regulations 2009, Regulation 98: Participants chargeable to corporation tax


(1) This regulation applies if some or all of the excess specified in regulation 94 is treated as made to a participant chargeable to corporation tax.
(2) The amount is exempt if it would be exempt if it were an actual distribution made by the fund.

---
Source: https://www.legislation.gov.uk/uksi/2009/3001/regulation/98 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-98
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.