Application of section 490 of CTA 2009 to non-exempt unauthorised unit trusts
This section has no associated Explanatory Memorandum
5. After regulation 29, insert—
“Application of section 490 of CTA 2009 to non-exempt unauthorised unit trusts
29A. Section 490 of CTA 2009(1) does not apply to any rights held by a company under a non-exempt unauthorised unit trust scheme.”
(1)
2009 c.4. “CTA 2009” is defined as the “Corporation Tax Act 2009” by section 235(1) of Finance Act 2013. Section 490 was amended by regulation 131 of S.I. 2009/3001 and by regulation 45 of S.I. 2011/1211.