F1PART 4APROPERTY AIFS

Annotations:
Amendments (Textual)

CHAPTER 5THE TREATMENT OF PARTICIPANTS IN PROPERTY AIFS

Deduction of tax from distributions

Deduction of tax from PAIF distributions (interest)69Z23

1

On making a PAIF distribution (interest), an open-ended investment company to which this Part applies must deduct a sum representing income tax at the F2basic rate in force for the tax year in which the PAIF distribution (interest) is made.

2

Accordingly, the sum is one to which section 874 of ITA 2007 applies.

F33

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

This regulation is subject to regulation 69Z24 (distribution payments to be made without deduction of tax).