Commentary on Sections Part 10: Miscellaneous income Overview Section 972: Charge to tax under this Chapter
2462.This section applies the charge to corporation tax on income to amounts shown in the unit trust scheme’s accounts as income available for payment to unit holders or for investment in the scheme. It is based on sections 9, 18 and 469 of ICTA. The corresponding charge for income tax is in section 547 of ITTOIA.