– see also Finance and financial services

Amount chargeable

Legislation/Regulatory – FA99 s. 112, 122

Applications for authorisation

Legislation/Regulatory – FSMA2000 s. 243

Authorised investment funds

– see Authorised investment funds

Authorised unit trusts

Corporation tax rate

Legislation/Regulatory – CTA2010 s. 618

Court common investment funds

Legislation/Regulatory – FA99 s. 68(3)-(5)

Distributions

Legislation/Regulatory – FA94 Sch. 14, para. 7 ; ITTOIA2005 s. 389-391
HMRC Guidance – SAIM5020 ; SAIM5070

Generally

Legislation/Regulatory – F(No. 2)A2005 s. 17, 18

Interest distributions

Legislation/Regulatory – ITTOIA2005 s. 376-378 ; SI 2003/1830

Investment trusts investing in

Legislation/Regulatory – SP 3/97

Loan relationships

– see Loan relationships

Meaning

Legislation/Regulatory – CTA2010 s. 616

Monthly savings schemes

Legislation/Regulatory – SP 2/99

Open-ended investment companies

– see Open-ended investment companies (OEICs)

Treated as UK resident company

Legislation/Regulatory – CTA2010 s. 617

Trustees' income

Legislation/Regulatory – FA90 s. 52(3), (4)

Umbrella schemes

Legislation/Regulatory – CTA2010 s. 619 ; IRInt. 161 ; TCGA92 s. 99A

Unit holder, meaning

Legislation/Regulatory – CTA2010 s. 616

Waivers of distributions

Legislation/Regulatory – ESC C30

Beneficial interest in units in

Legislation/Regulatory – SI 2001/1004 reg. 3

Certificate to bearer, meaning

Legislation/Regulatory – FA99 Sch. 18, para. 14

Certificates, issue of

Legislation/Regulatory – FSMA2000 s. 246

Chargeable gains

Calculation of disposal cost of accumulation units

Legislation/Regulatory – TCGA92 s. 99B, 103B

Co-ownership schemes

Legislation/Regulatory – TCGA92 s. 103D

Exchanges, mergers and reconstructions

Legislation/Regulatory – TCGA92 s. 103E-103K, Sch. 5AZA

Transfer of assets

Legislation/Regulatory – TCGA92 s. 211B

Charitable unit trust scheme

Descriptions

Legislation/Regulatory – SI 1988/267 reg. 7

Meaning

Legislation/Regulatory – SI 1988/267 reg. 2

Corporation tax overview

Legislation/Regulatory – CTA2009 s. 487

Derivative contracts

Legislation/Regulatory – CTA2009 s. 587, 601, 602, 660

Distributions

Corporate unit holder, to

Legislation/Regulatory – FA98 Sch. 3, para. 27

Interest

Legislation/Regulatory – SI 2003/1830

Unauthorised unit trusts

Legislation/Regulatory – ITTOIA2005 s. 547-550

Enterprise zone property scheme

Description

Legislation/Regulatory – SI 1988/267 reg. 4

Information, provision by trustees

Legislation/Regulatory – SI 1988/267 reg. 6

Meaning

Legislation/Regulatory – SI 1988/267 reg. 2

Trustee's responsibility

Legislation/Regulatory – SI 1988/267 reg. 5

Exceptions

Legislation/Regulatory – SI 1988/267 reg. 3

Exemption

Legislation/Regulatory – TCGA92 s. 100

Exemptions

Legislation/Regulatory – FA91 s. 110(1)

Financial futures

– see Commodity and financial futures

Gifts to charity

– see Gifts to charities

Holdings treated as creditor relationship rights

Disregard of investments and liabilities where tax avoidance motive

Legislation/Regulatory – CTA2009 s. 492

Generally

Legislation/Regulatory – CTA2009 s. 490 ; TCGA92 s. 116A

Opening valuations

Legislation/Regulatory – CTA2009 s. 491

Insurance companies

Deemed disposals

Legislation/Regulatory – FA93 s. 91(1)

Long term business

Legislation/Regulatory – SI 2007/2145 reg. 13 ; TCGA92 s. 212, 213, 214

Interest and penalties on late stamping

Legislation/Regulatory – FA99 s. 122

Limited partnerships

Legislation/Regulatory – SI 1988/266 ; SI 1988/267 reg. 8

Loan relationships

– see Loan relationships

Meaning

Legislation/Regulatory – CTA2009 s. 488 ; F(No. 2)A2005 s. 17(4) ; FA86 s. 99(9) ; FA99 Sch. 19, para. 14 ; FSMA2000 s. 237 ; ITA2007 s. 1007 ; SI 1988/266 reg. 2 ; SI 1988/267 reg. 2 ; SI 1988/268 reg. 2 ; SI 1992/197 reg. 2 ; SI 2001/964 ; TCGA92 s. 99(2)
HMRC Guidance – CFM44230 ; CG41300 ; CG41330 ; IHTM04262 ; TSEM11000

Mergers

Direction to hold trust property on other trusts

Legislation/Regulatory – FA97 s. 101

Relief for intermediaries

Legislation/Regulatory – FA97 s. 102(4), (5)

Stamp duty

Legislation/Regulatory – FA97 s. 95

Stamp duty reserve tax

Legislation/Regulatory – FA97 s. 100

Offshore funds

– see Offshore funds

Open-ended investment companies

– see Open-ended investment companies (OEICs)

Options

– see Options

Overpaid duty, interest

Legislation/Regulatory – FA99 s. 110, 122

Pension funds pooling schemes

Chargeable gains or losses

Legislation/Regulatory – SI 1996/1583

Generally

Legislation/Regulatory – SI 1996/1584

Trustees' income and expenditure

Legislation/Regulatory – SI 1996/1585

Profit sharing scheme

Legislation/Regulatory – SI 1988/266 reg. 3

Qualifying investments test

Generally

Legislation/Regulatory – CTA2009 s. 493

Hedging relationship

Legislation/Regulatory – CTA2009 s. 496

Meaning of qualifying investments

Legislation/Regulatory – CTA2009 s. 494

Power to change qualifying investments

Legislation/Regulatory – CTA2009 s. 497

Qualifying holdings

Legislation/Regulatory – CTA2009 s. 495

Schemes not treated as

Legislation/Regulatory – FA99 Sch. 19, para. 15

Share incentive plans

Legislation/Regulatory – SI 1988/266 ; SI 1988/267

Stamp duty land tax

Generally

Legislation/Regulatory – FA2003 s. 101 ; FA2006 s. 166

Transfers to open-ended investment companies

Legislation/Regulatory – SI 2008/710

Stamp duty reserve tax

Change in ownership, exclusion of charge

Legislation/Regulatory – FA99 Sch. 19, para. 6

Charge to tax

Legislation/Regulatory – FA99 Sch. 19, para. 2

Exemption

Legislation/Regulatory – FA86 s. 90 ; FA99 Sch. 19, para. 11(1), (5), (6)

In specie redemption, exclusion of charge

Legislation/Regulatory – FA99 Sch. 19, para. 7

Individual pension accounts

Legislation/Regulatory – FA2001 s. 94 ; FA99 Sch. 19, para. 6A ; SOCN05/01-1

Issue, meaning

Legislation/Regulatory – FA99 Sch. 19, para. 8

Proportional reduction of tax by reference to units issued

Legislation/Regulatory – FA99 Sch. 19, para. 4

Proportionate reduction of tax by reference to assets held

Legislation/Regulatory – FA99 Sch. 19, para. 5

Rate of tax

Legislation/Regulatory – FA99 Sch. 19, para. 3

Stock certificate to bearer

Legislation/Regulatory – SA1891 s. 109

Transfer of units, abolition of stamp duty

Legislation/Regulatory – FA99 Sch. 19, para. 1

Transfer pricing

Legislation/Regulatory – TIOPA2010 s. 207

Trust property, meaning

Legislation/Regulatory – FA99 Sch. 19, para. 14

Umbrella schemes

Legislation/Regulatory – FA99 Sch. 19, para. 18 ; IRInt. 161 ; TCGA92 s. 99A

Unauthorised unit trusts

Anti-avoidance

Legislation/Regulatory – CTA2009 s. 971 ; FA2010 Sch. 13, para. 4 ; ITA2007 s. 848 ; ITA2007 s. 943A-943D ; ITTOIA2005 s. 550

Capital expenditure

Legislation/Regulatory – CTA2010 s. 622

Deduction of tax at source

Legislation/Regulatory – FA2010 Sch. 13, para. 4 ; ITA2007 s. 941-943D, Sch. 2, para. 167, 168

Distributions

Legislation/Regulatory – CTA2009 s. 971-973 ; FA2010 Sch. 13, para. 4 ; ITTOIA2005 s. 547-550

Double taxation relief

Legislation/Regulatory – FA2010 Sch. 13, para. 4 ; ITA2007 s. 943A-943C

Income

Legislation/Regulatory – CTA2010 s. 621

Meaning

Legislation/Regulatory – CTA2010 s. 1140

Pension funds pooling schemes

Legislation/Regulatory – SI 1996/1583 ; SI 1996/1585

Tax treatment of unit holders/trustees, power to make regulations

Legislation/Regulatory – FA2013 s. 217

Trustees' income

Legislation/Regulatory – ITA2007 s. 504-506

Unit holder, meaning

Legislation/Regulatory – FA99 Sch. 19, para. 14