Related Commentary  Related HMRC Manuals

103D(1)  For the purposes of this section–

tax transparent fund” means–

(a)an authorised contractual scheme which is a co-ownership scheme, or

(b)an offshore fund that is a transparent fund within the meaning given by regulation 11 of the Offshore Funds (Tax) Regulations 2009, and

fund property”, in relation to a tax transparent fund, means the property subject to the fund.

103D(2)  For the purposes of this Act–

authorised contractual scheme” has the meaning given by section 237(3) of the Financial Services and Markets Act 2000, and

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