Finance Act, 1997
Amendment of section 18 (taxation of collective investment undertakings) of Finance Act, 1989 . |
32.—Section 18 (as amended by the Finance Act, 1996 ) of the Finance Act, 1989 , is hereby amended in subsection (1) by the insertion of the following proviso to the definition of “specified collective investment undertaking”: | |
“Provided that, for the purposes of this definition, reference to a qualifying management company shall be construed as if— | ||
(i) in subsection (2) of section 39A (inserted by the Finance Act, 1981 ) of the Finance Act, 1980 , there were deleted ‘and any certificate so given shall, unless it is revoked under subsection (4), (4A) or (4B), remain in force until the 31st day of December, 2005’, and | ||
(ii) in subsection (2) of section 39B (inserted by the Finance Act, 1987 ) of the Finance Act, 1980 , there were deleted ‘and any certificate so given shall, unless it is revoked under subsection (4), (5) or (5A), remain in force until the 31st day of December, 2005’.”. |