Commentary

D8.180 Overview

Corporate tax
Corporate tax | Commentary

D8.180 Overview

Corporate tax | Commentary

Unauthorised unit trusts—post 5 April 2014

D8.180 Overview

The provisions in this article apply from 6 April 2014, unless the UUT is a mixed trust (D8.186) in which case the provisions at D8.175 continue to apply.

From 6 April 2014 a simpler regime applies for certain unauthorised unit trusts (UUTs) which ensure that no tax is paid by UUTs invested in only by UK tax exempt investors (exempt unauthorised unit trusts 'EUUT'). In addition, HMRC is aware that UUTs have been used in what it considered to be abusive tax avoidance structures and the regime aims to prevent this

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