Commentary

E1.406A Authorised unit trust interest distributions

Personal and employment tax

E1.406A Authorised unit trust interest distributions

E1.406A Authorised unit trust interest distributions

For the meaning of an authorised unit trust (AUT), see D8.101.

If the distribution accounts of an AUT show the total amount available for distribution to unit holders as available for distribution as yearly interest then, providing that the AUT is not an approved personal pension scheme, payments of yearly interest are treated for income tax purposes as made to the unit holders1.

The amount of the payment treated as made to unit holder is so much of this total amount as is proportionate to his rights2.

If a date is specified by or in accordance with

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