There are currently no known outstanding effects for the The Unauthorised Unit Trusts (Tax) Regulations 2013, Section 39.
39.—(1) CTA 2010 is amended as follows.
(2) In section 1(3) (overview of Act), omit paragraph (h).
(3) In section 486 (exemption for investment income and non-trading profits from loan relationships)—
(a)in subsection (2)(c), for the words from “Chapter 5” to the end substitute “ regulation 15 of the Unauthorised Unit Trusts (Tax) Regulations 2013 as received by a unit holder from an exempt unauthorised unit trust. ”, and
(b)in subsection (4), for the words from “Part 10 of CTA 2009” to the end substitute “ regulation 15 of the Unauthorised Unit Trusts (Tax) Regulations 2013 (see regulation 17 of those regulations as to provisions given priority over that regulation). ”.
(4) Omit Chapter 3 of Part 13 (unauthorised unit trusts).
(5) In section 778(1)(b) (certain payments treated as interest), for the words from “Chapter 5” to the end substitute “ Chapter 7 of Part 10 of CTA 2009 (annual payments not otherwise charged) or regulation 15 of the Unauthorised Unit Trusts (Tax) Regulations 2013. ”.
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