42 Co-ownership authorised contractual schemes: offshore funds
Finance (No 2) Act 2017 (2017 c 32) | Legislation

42  Co-ownership authorised contractual schemes: offshore funds

(1)     The Treasury may by regulations make provision about how participants in a co-ownership authorised contractual scheme are to be treated for income tax purposes or corporation tax purposes in relation to investments made for the purposes of the scheme in an offshore fund.

(2)     Regulations under subsection (1) may, among other things, make provision—

(a)     for the operator of a co-ownership authorised contractual scheme to allocate to participants in the scheme

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