Section 612 — Corporation Tax Act 2010: Overview of Chapter

Overview of Chapter 612 1 This Chapter contains provision about taxation in relation to—

a open-ended investment companies (see sections 613 and 614),

b authorised unit trusts (see sections 616 to 618),

and c court investment funds (which are treated in accordance with section 620 as authorised unit trusts).

2 The Chapter also includes provision about—

a open-ended investment companies which take the form of umbrella companies (see section 615),

and b authorised unit trust schemes which take the form of umbrella schemes (see section 619).

3 The effect of the provision mentioned in subsection (2) is that, for the purposes of this Chapter, each part of the umbrella company or scheme is regarded as an open-ended investment company or authorised unit trust, but the umbrella company or scheme itself is not.