356 Meaning of “mutual fund”
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

356  Meaning of “mutual fund”

(1)     In section 355 “mutual fund” means arrangements with respect to property of any description (including money) that meet conditions A, B and C.

(2)     Subsection (1) is subject—

(a)     to the exceptions made by or under sections 357 and 359, and

(b)     to sections 360 and 361.

(3)     Condition A is that the purpose or effect

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