Commentary

E1.457 Tax treatment of distributions from unauthorised unit trusts

Personal and employment tax

E1.457 Tax treatment of distributions from unauthorised unit trusts

Distributions from unauthorised unit trusts

E1.457 Tax treatment of distributions from unauthorised unit trusts

The income tax treatment of distributions from an unauthorised unit trust (UUT) in the hands of a unit holder depends on whether the trust is an exempt UUT or a non-exempt UUT. For the definitions of these terms, see D8.181, and for the tax treatment of income and gains in the hands of a UUT, see D8.183. See also IFM10000.

Non-exempt unauthorised unit trusts

In respect of income arising and chargeable gains accruing to UK resident trustees of a non-exempt UUT, the trustees are treated as

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