Related Commentary  Related HMRC Manuals

356(1)  In section 355 “mutual fund” means arrangements with respect to property of any description (including money) that meet conditions A, B and C.

356(2)  Subsection (1) is subject–

(a)to the exceptions made by or under sections 357 and 359, and

(b)to sections 360 and 361.

356(3)  Condition A is that the purpose or effect of the arrangements is to enable the participants–

(a)to participate in the acquisition, holding, management or disposal of the property, or

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.