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 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)).
See STSM101020 for the meaning of a unit trust.
See STSM101050 for the meaning of an Open-Ended Investment Company (OEIC).