Part 13Other special types of company etc
Chapter 2Authorised investment funds
Introduction
612Overview of Chapter
1
This Chapter contains provision about taxation in relation to—
a
open-ended investment companies (see sections 613 and 614),
b
authorised unit trusts (see sections 616 to 618), and
c
court investment funds (which are treated in accordance with section 620 as authorised unit trusts).
2
The Chapter also includes provision about—
a
open-ended investment companies which take the form of umbrella companies (see section 615), and
b
authorised unit trust schemes which take the form of umbrella schemes (see section 619).
3
The effect of the provision mentioned in subsection (2) is that, for the purposes of this Chapter, each part of the umbrella company or scheme is regarded as an open-ended investment company or authorised unit trust, but the umbrella company or scheme itself is not.