Policy paper

Amendments to the Unauthorised Unit Trusts (Tax) Regulations 2013

This Tax Information and Impact Note makes two amendments to the Unauthorised Unit Trusts (Tax) Regulations 2013.



The unauthorised unit trusts (UUTs) regulations introduced substantial changes to the tax treatment of UUTs and their investors, simplifying the rules and removing opportunities for avoidance. An amendment is being made to clarify one aspect of the rules, and a further amendment is connected to HM Revenue & Customs ongoing review of loan relationships generally.

This measure will have effect on and after 6 April 2014.

Published 12 March 2014