Commentary

D8.185 Breach of conditions

Corporate tax
Corporate tax | Commentary

D8.185 Breach of conditions

Corporate tax | Commentary

D8.185 Breach of conditions

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.

An unauthorised unit trust (UUT) can either be an exempt unauthorised unit trust (EUUT), or a non-exempt unauthorised unit trust (NEUUT). The definitions are discussed in D8.181. The tax treatment of EUUT and NEUUT are discussed in D8.183.

HMRC may withdraw approval at any time if they feel the necessary ongoing conditions are not satisfied (D8.181)1 or if the managers or trustees of an EUUT request them to do so2.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial