Corporate tax | Commentary

D8.175 General

Corporate tax | Commentary

Unauthorised unit trusts—pre 6 April 2014

D8.175 General

The provisions in this article apply until 5 April 2014, unless the UUT is a mixed trust (D8.186). Otherwise, from 6 April 2014 (subject to transitional arrangements (D8.186)) the provisions at D8.180 apply.

For tax purposes, an 'unauthorised unit trust' is a collective investment scheme under which the property in question is held on trust for the participants but which is not an authorised unit trust, (see D8.101) nor an umbrella scheme (see D8.103)1. Furthermore it must not be subject to Treasury regulations that specify schemes which are not treated as

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