Regulation 45 Recognised unit trusts.

The value of any holding of units, or other beneficial interest, under a unit trust to which section 31 of the Capital Gains Tax Act, 1975, as amended by section 34 of the Finance Act, 1977, relates or under a unit trust which is a registered unit trust scheme within the meaning of section 3 of the Unit Trusts Act, 1972 shall be the price at which the managers under the unit trust would purchase the holding of units or other beneficial interest if required to do so.