Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Capital Gains Manual

Unit and investment trusts: authorised unit trusts

Gains which accrue to an authorised unit trust after 31 March 1980 are not chargeablegains. (Prior to 1 April 1980 all authorised unit trusts were within the charge toCorporation Tax and chargeable gains arising were subject to the special rules inICTA70/S355. For the treatment of capital gains accruing to investors see CG57680+).