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HMRC internal manual

Company Taxation Manual

HM Revenue & Customs
, see all updates

Authorised investment funds: taxation of participants within the charge to CT: disposals of units

For more details please see the Capital Gains Manual as follows:

  • Unit trusts - CG57680 onwards,
  • Open-ended investment companies - CG57750 onwards.

Umbrella schemes / umbrella companies

For an explanation of these and the tax treatment applying please see CTM48410. This page also gives cross-references to the capital gains manual for details of the treatment for chargeable gains purposes of exchanges of units between sub-funds.