IFM05430 - Investors in property authorised investment funds (PAIFs): investors within the charge to corporation tax: PAIF distributions (dividends)

Under regulation 69Z20 SI 2006/964, PAIF distributions (dividends) received by investors are treated in the same manner as any other UK company dividend. Hence, they are exempt in the hands of investors within the charge to corporation tax.

Unlike a normal AIF dividend distribution, corporate streaming rules do not apply to PAIF distributions (dividends) (regulation 69Z20(2)).