Part 6

Relationships treated as loan relationships etc
Chapter 3

OEICs, unit trusts and offshore funds

Introduction

Overview of Chapter
487
1
This Chapter provides for the Corporation Tax Acts to apply in some circumstances to holdings in open-ended investment companies, unit trust schemes and offshore funds as if they were rights under a creditor relationship (see section 490).
2
That treatment depends on the company, scheme or fund failing the qualifying investments test.
3
Sections 493 to 496 deal with when that test is met.
4
For the meaning of “open-ended investment company” and “offshore fund” in this Chapter, see sections 488 and 489 respectively.