SCHEDULES
SCHEDULE 14 Distributions of authorised unit trusts
1
Chapter III of Part XII of the Taxes Act 1988 shall be amended in accordance with paragraphs 2 to 5 of this Schedule.
The new sections
F42
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other amendments
F23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F54
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F36
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commencement
7
1
Subject to sub-paragraph (2) below, this Schedule shall have effect in relation to distribution periods beginning on or after 1st April 1994.
2
Nothing in the amendments made by this Schedule shall be taken to permit—
a
the total amount shown in the distribution accounts for a distribution period of an authorised unit trust, or
b
a part of that total amount,
to be shown as available for distribution as foreign income dividends unless the distribution date for that distribution period is 1st July 1994 or a subsequent date.