Related Commentary  Related HMRC Manuals

494(1)  In section 493 “qualifying investments”, in relation to an open-ended investment company, a unit trust scheme or an offshore fund, means investments of the company, scheme or fund of any of the following descriptions–

(a)money placed at interest,

(b)securities,

(c)shares in a building society,

(d)qualifying holdings in an open-ended investment company, a unit trust scheme or an offshore fund,

(e)alternative finance arrangements,

(f)derivative contracts whose underlying subject matter consists wholly of any one or more of–

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