Corporation Tax Act 2010 (c. 4)

Part 13 U.K. Other special types of company etc

Chapter 3 U.K. Unauthorised unit trusts

621 Treatment of income U.K.

(1) This section applies in relation to an unauthorised unit trust if the trustees are UK resident.

(2) If income arises to the trustees, the income is treated for the purposes of the Corporation Tax Acts as the income of the trustees and not of the unit holders.