# The Unauthorised Unit Trusts (Tax) Regulations 2013, Regulation 17: Priority rules


(1) Any income, so far as it falls within—
(a) regulation 15, and
(b) Chapter 2 of Part 2 of ITTOIA 2005 or Chapter 2 of Part 3 of CTA 2009 (income taxed as trade profits),
is dealt with under Part 2 of ITTOIA 2005 or Part 3 of CTA 2009.
(2) Any income, so far as it falls within—
(a) regulation 15, and
(b) Chapter 3 of Part 3 of ITTOIA 2005, or Chapter 3 of Part 4 of CTA 2009, so far as relating to a UK property business,
is dealt with under Part 3 of ITTOIA 2005 or Part 4 of CTA 2009.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111103982/regulation/17 (the official version)
Page: https://openlegislation.uk/draft-unauthorised-unit-trusts-tax-regulations-2013/regulation-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.