[835Q Application of 20% rule to collective investment schemes]
Income Tax Act 2007 (2007 c 3) | Legislation

[835Q  Application of 20% rule to collective investment schemes]

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

(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 amounts so arise or accrue).

(3)     In applying this section make the following assumptions—

(a)     that all the transactions carried out

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