Section 88E Transfer of assets within unit trusts

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Amendments

Section 88E inserted by Finance Act 2010 section 138(b).

(1) In this section—

"investment undertaking" means—

(a) an investment undertaking to which paragraph (a) of the definition of "investment undertaking" in section 739B(1) of the Taxes Consolidation Act 1997 relates, and

(b) an investment undertaking that is a "unit trust";

"relevant Regulations" has the same meaning as in section 739B(1) of the Taxes Consolidation Act 1997;

"unit trust" has the same meaning as in relevant Regulations.

What is meant by an investment undertaking?

(1) An investment undertaking means:...

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(2) Stamp duty shall not be chargeable on any instrument made for the purposes of the transfer of assets within an investment undertaking.

Can assets be transferred within a unit trust without giving rise to stamp duty?

(2) Any investment which allows the transfer of assets within an investment undertaking is exempt from stamp duty.