Taxation (International and Other Provisions) Act 2010

Unit trustsU.K.

207Application of Part to unit trustsU.K.

(1)This Part has effect as follows.

(2)As if a unit trust scheme were a company that is a body corporate.

(3)As if the rights of the unit holders under a unit trust scheme were shares in the company that the scheme is deemed to be.

(4)As if rights and powers of a person in the capacity of a person entitled to act for the purposes of a unit trust scheme were rights and powers of the scheme.

(5)As if provision made or imposed as between—

(a)a person in the capacity of a person entitled to act for the purposes of a unit trust scheme, and

(b)another person,

were made or imposed as between the scheme and that other person.