The Unauthorised Unit Trusts (Tax) (Amendment No 2) Regulations, SI 2015/2053, introduce a new paragraph into the Unauthorised Unit Trusts (Tax) Regulations 2013, SI 2013/2819, to provide that the ITTOIA 2005 s 272(A) subs (1)–(4), which restricted deductions for finance costs related to residential property, do not apply when calculating the income of trustees of an exempt unauthorised unit trust.
The Unauthorised Unit Trusts (Tax) (Amendment No 2) Regulations, SI 2015/2053, introduce a new paragraph into the Unauthorised Unit Trusts (Tax) Regulations 2013, SI 2013/2819, to provide that the ITTOIA 2005 s 272(A) subs (1)–(4), which restricted deductions for finance costs related to residential property, do not apply when calculating the income of trustees of an exempt unauthorised unit trust.
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