Taxation (International and Other Provisions) Act 2010 section 207

Application of Part to unit trusts

Section 207 explains how the transfer pricing rules in this Part are applied to unit trust schemes, by treating them as if they were companies.

• A unit trust scheme is treated as though it were a company that is a body corporate for transfer pricing purposes.
• The rights of unit holders under the scheme are treated as if they were shares in that deemed company.
• Any rights and powers held by a person acting on behalf of the unit trust scheme are treated as rights and powers of the scheme itself.
• Any arrangements made between a person acting for the unit trust scheme and another party are treated as if they were made directly between the scheme and that other party.