Regulation 104 General modification: holder of unit in authorised unit trust

United Kingdom

(1)

The modifications specified in this regulation are that references, however expressed, in TCGA 1992 to the holder of a unit within regulation 102(1) (other than references in a definition of a unit holder) have effect as if they included references to the owner of a share in the open-ended investment company concerned.

(2)

Paragraph (1) does not apply—

(a)

to section 99(1) (application of Act to unit trust scheme),

F1(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c)

to section 272(5) (valuation of rights of unit holders), or

(d)

to references in provisions which include reference, whether made expressly or by implication, to shares in, or an owner of shares in, an open-ended investment company.

Annotations

Textual amendments

F1: Reg. 104(2)(b) omitted (8.6.2013) by virtue of The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400), regs. 1(1), 14(c) (with reg. 1(2))