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(ii) is similar in all material respects to an authorised investment company (within the meaning of Part XIII of the Companies Act 1990 Part 24 of the Companies Act 2014),

(II) each of the shareholders of which is an investor which, if the company were an authorised investment company within the meaning of Part XIII of the Companies Act 1990 Part 24 of the Companies Act 2014 would be a collective investor within the meaning of section 739B,

(ii) is similar in all material respects to an investment limited partnership (within the meaning of the Investment Limited Partnership Act 1994), and

“standard rate per cent” has the meaning assigned to it by section 4.

“chargeable period” has the same meaning as in section 321(2);

(ii) where, on the death of a person, an asset which the person was competent to dispose, is a material interest in an offshore fund to which this Chapter applies, then, notwithstanding section 573(2)(b), such material interest shall be deemed to be disposed of and reacquired by the person immediately before the death of the person for a consideration equal to its then market value,

(II) each of the shareholders of which is an investor which, if the company were an authorised investment company within the meaning of Part XIII of the Companies Act 1990 Part 24 of the Companies Act 2014 would be a collective investor within the meaning of section 739B,

“material interest” shall be construed in accordance with section 743;

“offshore fund” has the meaning assigned to it by section 743;

(c) being any arrangements referred to in section 743(1), those arrangements take effect by virtue of the law of,

“deemed disposal” means a disposal of the type provided for in section 747E(6);

(iii) a State which is a member of the OECD, the government of which have entered into arrangements having the force of law by virtue of section 826 section 826(1)(a) section 826(1);

“specified return date for the chargeable period” has the meaning assigned to it by section 950 section 959A;

“return of income” has the meaning assigned to it by section 1084;

(ii) is similar in all material respects to an authorised unit trust scheme (within the meaning of the Unit Trusts Act 1990),