CG41351 - Unit and investment trusts: unauthorised unit trusts
An unauthorised unit trust is treated as if it were a company (TCGA92/S99 (1)), but notone within the charge to Corporation Tax on chargeable gains. »Ê¹ÚÌåÓýapp capital gains of anunauthorised unit trust are assessable to Capital Gains Tax on the trustees unless thetrust is classified as an exempt unauthorised unit trust (see CG41352).