Collectives: The Schedule 19 charge: Relevant two-week period
A relevant two-week period in relation to a surrender of a unit in a unit trust or a share in an Open-Ended Investment Company (OEIC) means the period from the beginning of the week in which the surrender occurs to the end of the following week.
A week means a period of seven days beginning with a Sunday (FA99/SCH19/PARA 4(2)).
The FA99/SCH19 charge applies only to units and OEIC shares which are surrendered and transferred prior to 30 March 2014. See STSM103005
See STSM101020 for the meaning of a unit trust.
See STSM101050 for the meaning of an Open-Ended Investment Company (OEIC).