CG41330 - Unit and investment trusts: authorised unit trusts
TCGA92/S99 (2) brings in for chargeable gains purposes the definition of 鈥榓uthorisedunit trust鈥� contained in ICTA88/S468 (6). A trust becomes 鈥榓uthorised鈥� on the issue of anOrder (by the Financial 天美影院 Authority) under section 243 of the Financial 天美影院and Markets Act 2000. If such an Order is in force for the whole or part of an ac-countingperiod, then the scheme is an authorised unit trust for that accounting period.