PART XII SPECIAL CLASSES OF COMPANIES AND BUSINESSES
CHAPTER III UNIT TRUST SCHEMES, DEALERS IN SECURITIES ETC.
Distributions to corporate unit holder
F1469AF2 Court common investment funds.
1
The Tax Acts shall have effect in relation to any common investment fund established under section 42 of the M1Administration of Justice Act 1982 (common investment funds for money paid into court) as if—
a
the fund were an authorised unit trust;
b
the person who is for the time being the investment manager of the fund were the trustee of that authorised unit trust; and
c
the persons whose interests entitle them, as against the Accountant General, to share in the fund’s investments were the unit holders in that authorised unit trust.
2
In this section “the Accountant General” means (subject to subsection (3) below) the Accountant General of the Supreme Court of Judicature in England and Wales or the Accountant General of the Supreme Court of Judicature of Northern Ireland.
3
Where in the case of any common investment fund a person other than the Accountant General is authorised by the Lord Chancellor to hold shares in the fund, the reference in subsection (1)(c) above to the Accountant General shall include a reference to that other person.