PART XII SPECIAL CLASSES OF COMPANIES AND BUSINESSES

CHAPTER III UNIT TRUST SCHEMES, DEALERS IN SECURITIES ETC.

F1Distributions to corporate unit holder

Annotations:
Amendments (Textual)
F1

Ss. 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

C1469 Other unit trusts.

1

This section applies to—

a

M1any unit trust scheme F2that is F13an unauthorised unit trust within the meaning of section 989 of ITA 2007; F3. . .

b

F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

except where the trustees of the scheme are not resident in the United Kingdom.

2

Income arising to the trustees of the scheme shall be regarded for the purposes of the F8Corporation Tax Acts as income of the trustees (and not as income of the unit holders) F14; and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditureF9. . . .

F62A

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F72B

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

F10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F114A

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4B

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4C

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4D

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F45A

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5B

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5C

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5D

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F56A

F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11

This section shall have effect in relation to distribution periods beginning on or after 6th April 1987.