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CG41310 | Unit and investment trusts: unit trust schemes treated as companies

From HM Revenue & Customs · Capital Gains Manual

For the purposes of chargeable gains TCGA92/S99 (1) provides that

  • any unit trust scheme is deemed to be a company

and

  • the rights of the unit holders are deemed to be shares in the company and, for authorised unit trusts, the company is deemed to be resident in the UK.