# The Unauthorised Unit Trusts (Tax) Regulations 2013, Regulation 28: Non-exempt unauthorised unit trust treated as UK resident company


(1) In respect of income arising and chargeable gains accruing to UK resident trustees of a non-exempt unauthorised unit trust, and for the purposes of the provisions relating to relief for capital expenditure, the Tax Acts have effect as if—
(a) the trustees were a UK resident company, and
(b) the rights of the unit holders were shares in the company.
(2) References in the Corporation Tax Acts to a body corporate are to be read in accordance with paragraph (1); and sections 1104 and 1107 of CTA 2010 (companies and nominees required to provide tax certificates) apply with any necessary modifications.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111103982/regulation/28 (the official version)
Page: https://openlegislation.uk/draft-unauthorised-unit-trusts-tax-regulations-2013/regulation-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.