F1PART 4BTAX ELECTED FUNDS
Annotations:
Amendments (Textual)
CHAPTER 7LEAVING THE TAX ELECTED FUNDS REGIME
Termination by election: authorised investment fund69Z70
1
This regulation applies if a Tax Elected Fund gives a notice under this regulation electing that this Part is to cease to apply to the fund at the end of a specified accounting period.
2
This Part shall cease to apply to the fund at the end of that accounting period.
3
A notice under paragraph (1) must—
a
be given in writing to the Commissioners,
b
be given before the end of the accounting period specified in paragraph (1), and
c
give the reasons for the fund leaving the TEF regime.
Pt. 4B inserted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 24