Regulation 5 Application of the 1988 Act: further provisions
Section 592(2) of the 1988 Act (exemption from income tax in respect of investments) applies in respect of income derived from investments or deposits held for each of the Pensions Act Funds—
(a)
as if for “income tax” there were substituted “corporation tax”, and
(b)
as if after “income derived from investments or deposits” there were inserted “(including any profit, gain or loss on a loan relationship within the meaning of Chapter 2 of Part 4 of the Finance Act 1996f1)”.
Annotations
Footnotes
- f1