Revenue Precedent

The content shown on this page describes precedents set by Revenue judgements. To view the section of legislation to which the precedents apply, click the link below:

Revenue Precedents

An offshore fund would qualify for certification as a distributing fund, notwithstanding the fact that no distribution is made and the fund has a nominal level of income, if the level of income does not exceed 1% of the average value of the funds assets held during the accounting period. 5067/95