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Clause 41

Volume 116: debated on Tuesday 12 May 1987

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Authorised Unit Trusts

Question proposed, That the clause stand part of the Bill.

This clause and the next three modify the tax treatment of the income and capital gains of unit trusts. They do not change the substance of the existing treatment. The purpose of the modifications is to take account of the new regime for unit trusts provided by the Financial Services Act 1986.

Question put and agreed to.

Clause 41 ordered to stand part of the Bill.

Clauses 42 to 44 ordered to stand part of the Bill.