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HMRC internal manual

Savings and Investment Manual

Dividends and other company distributions: distributions from OEICs and AUTs

Dividend distributions by open-ended investment companies and authorised unit trusts

Owners of shares in open-ended investment companies (OEICs) and unit holders in authorised unit trusts (AUTs) are taxed on the basis that amounts available for distribution in the accounts of OEICs and AUTs are dividends. The amounts so treated are within the charge at ITTOIA05/S383 and the provisions about payment and deduction of tax at ITTOIA05/S397 to S399 will apply as appropriate, including tax credits and tax treated as paid for tax years to 2015-16.

ITTOIA05/S386 to S388 apply to investors in OEICs and ITTOIA05/S389 to S391 apply to AUTs.

See CTM48000 (SAIM20000) for the taxation of OEICs and AUTs, and see [## Dividend distributions by open-ended investment companies and authorised unit trusts

Owners of shares in open-ended investment companies (OEICs) and unit holders in authorised unit trusts (AUTs) are taxed on the basis that amounts available for distribution in the accounts of OEICs and AUTs are dividends. The amounts so treated are within the charge at ITTOIA05/S383 and the provisions about payment and deduction of tax at ITTOIA05/S397 to S399 will apply as appropriate, including tax credits and tax treated as paid for tax years to 2015-16.

ITTOIA05/S386 to S388 apply to investors in OEICs and ITTOIA05/S389 to S391 apply to AUTs.

See CTM48000 (SAIM20000) for the taxation of OEICs and AUTs, and see](https://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim6000) for more details on the taxation of investors in collective investment scheme.