Commentary

D8.102 How unit trusts work

Corporate tax
Corporate tax | Commentary

D8.102 How unit trusts work

Corporate tax | Commentary

D8.102 How unit trusts work

A unit trust is a trust fund with a trustee, beneficiaries and a professional managing company. The trustee, usually a bank or insurance company, will create 'units' in the trust; each unit represents the same proportion of the net value of the property of the trust. The manager, who must be unconnected with the trustee, will purchase the units from the trustee and offer them for sale to the general public. The beneficiaries of the trust are the purchasers of units and are entitled to a share in the investments of the trust; they are

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