# The Unauthorised Unit Trusts (Tax) Regulations 2013, Regulation 39: CTA 2010


(1) CTA 2010 is amended as follows.
(2) In section 1(3) (overview of Act), omit paragraph (h).
(3) In section 486 (exemption for investment income and non-trading profits from loan relationships)—
(a) in subsection (2)(c), for the words from “Chapter 5” to the end substitute “ regulation 15 of the Unauthorised Unit Trusts (Tax) Regulations 2013 as received by a unit holder from an exempt unauthorised unit trust. ”, and
(b) in subsection (4), for the words from “Part 10 of CTA 2009” to the end substitute “ regulation 15 of the Unauthorised Unit Trusts (Tax) Regulations 2013 (see regulation 17 of those regulations as to provisions given priority over that regulation). ”.
(4) Omit Chapter 3 of Part 13 (unauthorised unit trusts).
(5) In section 778(1)(b) (certain payments treated as interest), for the words from “Chapter 5” to the end substitute “ Chapter 7 of Part 10 of CTA 2009 (annual payments not otherwise charged) or regulation 15 of the Unauthorised Unit Trusts (Tax) Regulations 2013. ”.

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Source: https://www.legislation.gov.uk/uksi/2013/2819/regulation/39 (the official version)
Page: https://openlegislation.uk/unauthorised-unit-trusts-tax-regulations-2013/regulation-39
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.