Income Tax (Trading and Other Income) Act 2005 section 390

Date when dividends paid under section 389

Section 390 determines the date on which dividend distributions from authorised unit trusts, treated as dividends under section 389, are regarded as having been paid.

• This section establishes when dividends from authorised unit trusts are treated as paid for tax purposes
• The payment date depends on whether the trust's terms specify a date for distributions in the relevant period
• If the trust's terms specify a distribution date, the dividends are treated as paid on that date
• If no date is specified in the trust's terms, the dividends are treated as paid on the last day of the distribution period