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HMRC internal manual

Company Taxation Manual

Authorised investment funds (AIFs): taxation of funds: dividend distributions

SI2006/964 Regulation 22 - tax treatment of dividend distributions

Amounts that are shown in the distribution accounts of authorised investment funds as available for distribution as dividends are treated as dividends on shares which are paid on the distribution date.

The amounts shown are therefore not to be deducted in the tax computation.

For the tax treatment in the hands of investors see CTM48555 (IT payers) or CTM48500 onwards (CT payers).