I8.302 Unit trusts

I8.302 Unit trusts

There is no special statutory basis of valuation for units in unit trusts. Where buying and selling prices are published daily the lower price or 'bid price' (the price at which the trust will buy back units) on the date of valuation is accepted1. If there is no price published on that date, there is a choice available of the last or the next published price2. Some unit trusts do not publish changes in prices daily and in such cases HMRC normally accept the last published price as the open market value for all dates before the

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