Business tax – policy paper

Corporation Tax: Authorised Investment Funds - interest distributions and property Income

This Tax Information and Impact Note is about Authorised Investment Funds which mainly invest in assets generating interest returns and income from property to distribute to investors.


The Authorised Investment Funds (Tax) (Amendment) Regulations 2015 order has been, made coming into force on 26 March 2015.

The measure will permit Authorised Investment Funds to make interest distributions to investors where, in addition to interest, income from property has also been received by the fund. It is subject to a safeguard to prevent such property income being paid offshore without deduction of tax.