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

HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

Unit trusts: different portfolios

 

If a unit trust has a number of different portfolios, transfers by a unit holder between each portfolio should be treated as a chargeable disposal and an acquisition of new units. TCGA92/S102 prevents the share reorganisation provisions of TCGA92/S127-TCGA92/S131 from applying to the transfer.