Textual Amendments
F1Ss. 468H-468R and cross-headings inserted (with effect in accordance with Sch. 14 para. 7 of the amending Act) by Finance Act 1994 (c. 9), Sch. 14 para. 2
(1)This section has effect for the interpretation of sections 468I to 468R.
(2)The making of a distribution by an authorised unit trust to a unit holder includes investing an amount on behalf of the unit holder in respect of his accumulation units.
(3)In relation to an authorised unit trust—
(a)“distribution period” means a period by reference to which the total amount available for distribution to unit holders is ascertained; and
(b)“distribution accounts” means accounts showing how that total amount is computed.
(4)The distribution date for a distribution period of an authorised unit trust is—
(a)the date specified by or in accordance with the terms of the trust for any distribution for that distribution period; or
(b)if no date is so specified, the last day of that distribution period.
(5)F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)Sections 468I [F3to 468Q] do not apply to an authorised unit trust which is also an approved personal pension scheme (within the meaning of Chapter IV of Part XIV).]
Textual Amendments
F2S. 468(5) repealed (with effect in accordance with s. 36, Sch. 6 para. 8(8) of the repealing Act) by Finance (No. 2) Act 1997 (c. 58), Sch. 6 para. 8(1)(a), Sch. 8 Pt. 2(11), Note
F3Words in s. 468H(6) substituted (with effect in accordance with s. 36, Sch. 6 para. 8(9) of the amending Act) by Finance (No. 2) Act 1997 (c. 58), Sch. 6 para. 8(1)(b)