PTP's Tax Tip No 2 ' Distributions on an accumulation unit trust

Q ' I am somewhat taken aback to discover that F(No.2)A 2005 allows for distributions on an accumulation unit trust to be added to base cost for CGT where they have been charged to income tax. This seems to be a fundamental change from what I had understood, and would have made a significant difference to my clients' CGT liabilities in recent years. Any ideas why this change has occurred?

A ' I am afraid that the change merely reflects majority opinion of how the law stood anyway.

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