Related Commentary  Related HMRC Manuals

824(1)  This section applies if amounts arise or accrue to the non-UK resident as a participant in a collective investment scheme.

824(2)  It applies for the purposes of determining whether the requirements of the 20% rule are met in relation to a transaction carried out for the purposes of the scheme (so far as the transaction is one in respect of which such amounts so arise or accrue).

824(3)  In applying this section make the following assumptions–

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