# Corporation Tax Act 2010, Section 1140: “Unauthorised unit trust”


(1) In the Corporation Tax Acts “unauthorised unit trust” means a unit trust scheme which is neither an authorised unit trust nor an umbrella scheme.
(2) But if a unit trust scheme is not, under regulations made under section 1007(2) of ITA 2007, to be a unit trust scheme for the purposes of the definition of “unauthorised unit trust” in section 989 of that Act, it is not to be a unit trust scheme for the purposes of subsection (1).
(3) In subsection (1) “umbrella scheme” has the same meaning as in section 619.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1140 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1140
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.