520 The property categories
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

520  The property categories

(1)     The table in subsection (2) sets out the categories of property referred to in section 517(2).

(2)     This is the table—

CategoryProperty
Category 1property which the insurance company has appropriated to an internal linked fund
Category 2units in an authorised unit trust
Category 3shares in an investment trust [or an overseas equivalent]
Category 4shares in an open-ended investment company
Category 5cash
Category 6a policy or contract to which this Chapter applies, other than an excluded policy or contract (see subsection (3))
Category 7an interest in a collective investment scheme constituted by—
(a)  . . . 
(b) a unit trust scheme the trustees of which are non-UK resident, or
(c) any other arrangement which takes effect by virtue of the law of a territory outside the United Kingdom, and which under that law creates rights in the nature of co-ownership
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