Statute
Section 1140 — Corporation Tax Act 2010: “Unauthorised unit trust”
Text of the provision Official document
“Unauthorised unit trust” 1140 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.
Official source: legislation.gov.uk
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