Taxation (International and Other Provisions) Act 2010 Schedule 10 Part 5

Offshore funds

Schedule 10 Part 5 lists the earlier legislative provisions on offshore funds that are repealed as a consequence of being rewritten into the Taxation (International and Other Provisions) Act 2010.

  • Sections 40A to 42A of the Finance Act 2008 relating to offshore funds are repealed
  • Part of section 44 of the Finance Act 2009, specifically the words referring to Part 1 and offshore funds, is repealed
  • Part 1 of Schedule 22 to the Finance Act 2009 is also repealed
  • These repeals are consequential upon the rewriting of offshore fund rules into the 2010 Act, ensuring there is no duplication on the statute book

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