[F1PART 4AU.K.PROPERTY AIFS

Textual Amendments

CHAPTER 4U.K.DISTRIBUTIONS MADE BY PROPERTY AIFS

[F2Allocation of income]U.K.

69Z14.  [F3The total amount available for income allocation in an open-ended investment company to which this Part applies shall be attributed]—

(a)first, to property income distributions up to the amount of the net income of F (tax-exempt) (determined in accordance with regulation 69Z1),

(b)secondly, to PAIF distributions (interest) up to the pre-distribution amount (determined in accordance with regulation 69Z3), and

(c)finally, to PAIF distributions (dividends).]

Textual Amendments

F2Reg. 69Z14 heading substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 16(2) (with reg. 24)

F3Words in reg. 69Z14 substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 16(3) (with reg. 24)