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Unauthorised unit trust regulations

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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.

Issue: 1291
Categories: News