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.