Commentary

I9.330A Authorised unit trusts and open-ended investment companies—absolute ownership

IHT, trusts and estates

I9.330A Authorised unit trusts and open-ended investment companies—absolute ownership

I9.330A Authorised unit trusts and open-ended investment companies—absolute ownership

A holding in an authorised unit trust and a share in an open-ended investment company, if in either case the person beneficially entitled to it is an individual who, for the purposes of lHT, is domiciled outside the UK, are categories of excluded property introduced in relation to transfers of value or other events occurring after 15 October 20021.

An authorised unit trust is a scheme authorised as such under the Financial Services and Markets Act 2000 s 2432.

An open-ended investment company is such a company within the meaning of the Financial

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