Related Commentary  

495(1)  For the purposes of section 494(1)(d) a holding in an open-ended investment company, a unit trust scheme or an offshore fund is a qualifying holding at any time if–

(a)at that time, or

(b)at any other time in the relevant accounting period,

the company, scheme or fund itself fails to meet the qualifying investments test.

495(2)  [Omitted by FA 2014, s. 27(6)(b).]

495(3)  In this section “holding”

(a)in relation to an open-ended investment company, means–

(i)except where sub-paragraph (ii) applies, shares in the company, and

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.