The statement requirements in CTA 2010, s 1104 in relation to distributions apply to authorised investment funds with any necessary modifications1. As regards the appropriate statement under that section sent to a participant within the charge to corporation tax, the legal owner2 of the authorised investment fund must include a statement showing the legal owner's net liability to corporation tax in respect of the gross income3. In the case of property authorised investment funds (D8.130) and tax elected funds (D8.140) an appropriate statement must include further details (eg the gross and net amount of the distribution, the number and class of units held by the participant, whether any tax has been deducted, the date of the distribution and the percentage of the distribution allocated between interest and dividends (in respect of a property authorised investment fund) or dividends and non-dividends (in respect of tax elected funds))4.
In the event that an authorised investment fund has made an interest distribution and a tax elected
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