Commentary

C1.211 Investment clubs

Capital gains tax
Capital gains tax | Commentary

C1.211 Investment clubs

Capital gains tax | Commentary

C1.211 Investment clubs

An investment club is a group of people who join together to invest, primarily on the stock exchange. Each investment club should have a constitution and rules by which it is run. The rules should set out what proportionate part of the club's investment is owned by each member. Note that the members' proportionate entitlement changes every time capital is invested in or withdrawn from the club.1

Such a body is normally an unincorporated association, and therefore by virtue of CTA 2010, s 1121 is within the charge to corporation tax on income and chargeable gains received in its own right.

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