Taxes Consolidation Act 1997 section 735

Certain unit trusts not to be collective investment undertakings

Section 735 removes the collective investment undertaking exemption from unit trust schemes that are linked to life assurance policies, so that capital gains tax applies when such a trust disposes of its assets.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.