# The Common Investment Scheme 2004, Paragraph 5


The investment manager may determine, without regard to any rule of law specific to trust funds, whether any special dividend, bonus issue of shares, cash or other property received by him in respect of property comprised in the fund is to be treated as income or as capital, or is to be apportioned (and if so in what proportions) between income and capital.

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Source: https://www.legislation.gov.uk/uksi/2004/266/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/common-investment-scheme-2004/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.