Version Superseded: 17/07/2014
Point in time view as at 31/01/2013.
Finance Act 1999, Cross Heading: Exclusion of charge in case of in specie redemption is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
7U.K.There is no charge to tax under this Part of this Schedule if on the surrender of the unit the unit holder receives only such part of each description of asset in the trust property as is proportionate to, or as nearly as practicable proportionate to, the unit holder’s share.
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