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Legislation
Corporation Tax Act 2010

Crossheading Authorised unit trusts

  • Section 616 Meaning of “authorised unit trust” and “unit holder”
  • Section 617 Authorised unit trust treated as UK resident company
  • Section 618 Applicable corporation tax rate
  • Section 619 Umbrella schemes
  1. Authorised unit trusts
  2. Meaning of “authorised unit trust” and “unit holder”

Section 616 | Meaning of “authorised unit trust” and “unit holder”

From legislation.gov.uk

(1)In this Chapter “authorised unit trust” means, in relation to an accounting period, a unit trust scheme in respect of which an order under section 243 of FISMA 2000 is in force during the whole or part of the period.

(2)In this Chapter “unit holder” means a person entitled to a share of the investments subject to the trusts of a unit trust scheme.

(3)Subsections (1) and (2) are subject to section 619 (umbrella schemes).

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