Section 469 of the Income and Corporation Taxes Act 19882 (other unit trusts) is amended as follows.

In subsection (1)3 for “neither an authorised unit trust nor an umbrella scheme” substitute “an unauthorised unit trust within the meaning of section 989 of ITA 2007”.

In subsection (2)4 after “unit holders)” insert “; and the trustees (and not the unit holders) shall be regarded as the persons to or on whom allowances or charges are to be made under the provisions of those Acts relating to relief for capital expenditure”.

Omit subsection (6A)5.