Section 72 | FIDs paid to unauthorised unit trusts. ^F1

(1)In section 246D(5) of the Taxes Act 1988 (section 233(1) and (1A) of that Act not to apply to FIDs paid to individuals, personal representatives or certain trustees), after “representatives” there shall be inserted “ , a foreign income dividend paid to the trustees of a unit trust scheme to which section 469 applies ”.

(2)This section has effect in relation to distributions made on or after 26th November 1996.