Section 612 | Overview of Chapter

(1)This Chapter contains provision about taxation in relation to—

(a)open-ended investment companies (see sections 613 and 614),

(b)authorised unit trusts (see sections 616 to 618), and

(c)court investment funds (which are treated in accordance with section 620 as authorised unit trusts).

(2)The Chapter also includes provision about—

(a)open-ended investment companies which take the form of umbrella companies (see section 615), and

(b)authorised unit trust schemes which take the form of umbrella schemes (see section 619).

(3)The effect of the provision mentioned in subsection (2) is that, for the purposes of this Chapter, each part of the umbrella company or scheme is regarded as an open-ended investment company or authorised unit trust, but the umbrella company or scheme itself is not.