Legislation

The tax treatment of EUUTs after 6 April 2014 is governed by the Unauthorised Unit Trusts (Tax) Regulations 2013 (SI 2013/2819) (the Regulations). Only the rules applying from 6 April 2014 are considered here; all subsequent references are to the Regulations unless otherwise stated.

Basic requirements for approval as a EUUT

An unauthorised unit trust (UUT) is an exempt unauthorised unit trust (EUUT) where:

Aits trustees are UK resident for the relevant period of account;

Ball of its unit holders are eligible investors (¶782-770) throughout the period of account;

Cit is approved under SI 2013/2819; and

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