Taxation of Chargeable Gains Act 1992 Schedule 5AAA paragraph 46A

References to regulation 75(3) of the Offshore Funds (Tax) Regulations 2009

Section 46A clarifies that a collective investment vehicle's limited capacity to receive investments does not automatically prevent it from meeting the genuine diversity of ownership condition, subject to certain safeguards against pre-arranged allocations.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.