UK Statutory Instrument
2013
United Kingdom
The Unauthorised Unit Trusts (Tax) Regulations 2013
At a glance
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Browse 44 other sections — procedural / definitional / commencement
Interpretation
Meaning of “exempt unauthorised unit trust”
Application for approval as an exempt unauthorised unit trust
Contents of application
Response by the Commissioners to application
Continuing requirements for approval
Withdrawal of approval
Appeal against rejection of application or withdrawal of approval
Exemption for gains accruing to an exempt unauthorised unit trust
Basis periods
Treatment of income of an exempt unauthorised unit trust
Treatment of capital expenditure of an exempt unauthorised unit trust
Special provision for accrued income profits
Charge to tax on unit holders
Person liable
Priority rules
Relief for deemed payments by trustees of an exempt unauthorised unit trust
Amounts ineligible for relief under regulation 18
Amounts ineligible for relief under regulation 18: payments to certain unit holders where regulation 3(4) applies
Effect of equalisation arrangements on relief for trustees
No tax charge for disposal of interests in offshore non-reporting funds: reporting condition
No tax charge for disposal of interests in offshore non-reporting funds: qualifying index
Treatment of investment transactions carried out by exempt unauthorised unit trusts
Authorised investment funds investing in exempt unauthorised unit trusts
Statements about income treated as received by unit holders
Definition of non-exempt unauthorised unit trust
Non-exempt unauthorised unit trust treated as UK resident company
Part 3 of CTA 2010 not to apply to non-exempt unauthorised unit trusts
Application of section 490 of CTA 2009 to non-exempt unauthorised unit trusts
Transitional year for exempt unauthorised unit trusts
Unauthorised unit trusts coming within charge to corporation tax: final deemed payments and accrued income profits
Part 5 not to apply to mixed unauthorised unit trusts
Chevening Estate Act 1959
TCGA 1992
Finance Act 2000
ITTOIA 2005
ITA 2007
CTA 2009
CTA 2010
FA 2012
Consequential repeals of other enactments
AIF Regulations
Offshore Funds Regulations
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