Schedule 14 | Distributions of authorised unit trusts

From legislation.gov.uk

(1)Chapter III of Part XII of the Taxes Act 1988 shall be amended in accordance with paragraphs 2 to 5 of this Schedule.

The new sections

(2)Repealed^F1

Other amendments

(3)Repealed^F2

(4)Repealed^F3

(5)Repealed^F4

(6)Repealed^F5

Commencement

(1)Subject to sub-paragraph (2) below, this Schedule shall have effect in relation to distribution periods beginning on or after 1st April 1994.

(2)Nothing in the amendments made by this Schedule shall be taken to permit—

(a)the total amount shown in the distribution accounts for a distribution period of an authorised unit trust, or

(b)a part of that total amount,

to be shown as available for distribution as foreign income dividends unless the distribution date for that distribution period is 1st July 1994 or a subsequent date.