CTM41320 - Particular bodies: unincorporated associations: trustees

Even if, which is doubtful, the trustees of a particular trust could be said to form an association, that would simply be the result of and incidental to their compliance with the trustee functions. It would not be correct to say that the trustees were carrying out those functions as an association rather than as trustees. The profits would still accrue to them in a fiduciary or representative capacity for the purposes of ICTA88/S8 (2).

On the other hand, an unincorporated association that has income arising from assets may well vest legal ownership in trustees. Clubs with substantial assets often do this to overcome any problems with lack of legal personality. In this case the club is chargeable to CT with allowance for any IT that may have been deducted by the trustees.