Section 169 — Finance Act 2014: Stake funds and gaming prize funds
Text of the provision Official document
Stake funds and gaming prize funds 169 1 The Treasury may by regulations make provision as to the circumstances in which—
a the stake money on a bet is, or is not, to be treated for the purposes of this Part as assigned to a Chapter 1 stake fund or a Chapter 2 stake fund, b gaming payments are, or are not, to be treated for the purposes of this Part as assigned to a gaming prize fund, c an amount contained in a Chapter 1 stake fund or a Chapter 2 stake fund is, or is not, to be treated for the purposes of this Part as being used otherwise than to provide winnings, and d an amount contained in a gaming prize fund is, or is not, to be treated for the purposes of this Part as being used otherwise than to provide prizes.
2 The Commissioners may by notice published by them make provision about Chapter 1 stake funds, Chapter 2 stake funds and gaming prize funds, and such a notice may (in particular) make provision as to how such funds are to be held.
Official source: legislation.gov.uk
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