IFM05540 | AIFs: Property authorised investment funds (PAIFs): tax treatment of distributions in the hands of investors: investors within the charge to income tax - disposals

Disposals of shares in a PAIF are treated in exactly the same way as disposals of units in any other type of Authorised Investment Fund (AIF) for capital gains tax purposes (see IFM03340 (investors subject to corporation tax) and IFM03370 (investors subject to income tax).