http://www.legislation.gov.uk/id/ukpga/2007/3

SCHEDULES

SCHEDULE 2Transitionals and savings

Part 15Deduction of income tax at source

Unauthorised unit trusts: calculation of trustees' income pool

167 (1)

This paragraph applies for the purposes of section 943.

(2)

The amount of any trustees' income pool as at the start of the tax year 2007-08 is an amount equal to what would have been the trustees' uncredited surplus for the tax year 2007-08 apart from this Act had section 469(5A) to (5D) of ICTA applied in relation to the trustees for the tax year 2007-08.