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HMRC internal manual

Capital Gains Manual

Open-ended investment companies (OEICs): tax regime

The principal effects of the modifications in CG41562 - CG41571 are

  • OEICs are treated in practice as though they were authorised unit trusts, (this includes TCGA92/S100 (1) which means that any gains arising to an OEIC are not chargeable gains)
  • shares in OEICs are dealt with in the same way as units in an authorised unit trust, (this is basically the same as the treatment for other shares, with a special definition of market value, see CG57680+).