Section 92 Interpretation.C1
United Kingdom
Subject to subsection (2) below, in this Act—
“unit trust scheme” has the same meaning as in the Financial Services Act 1986,
“authorised unit trust” has the meaning given by section F3468(6) of the Taxes Act 1988,
“investment trust” has the meaning given by section F4842 of the Taxes Act 1988,
“court investment fund” means a common investment fund established under section 1 of the M1Administration of Justice Act 1965.
The Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this Act.
Regulations under this section—
may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient, and
shall be made by statutory instrument, which shall be subject to annulment in pursuance of a resolution of the House of Commons.
Annotations
Textual amendments
- F1
“(1)” and words commencing s. 92(1) substituted for words by Finance Act 1987 (c. 16), s. 40(3)
- F2
S. 92(1)(a) substituted by Finance Act 1987 (c. 16), s. 40(3)
- F3
Words substituted by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), Sch. 29 paras. 15 and 32
- F4
Figure substituted by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), Sch. 29 paras. 15 and 32
- F5
S. 92(2)(3) added by Finance Act 1987 (c. 16), s. 40(4)
Marginal citations
- M1
Modifications
- C1
See S.I. 1988 No. 266
Notes on the whole Act
Textual amendments
- F1
Act repealed (6.3.1992 with effect as mentioned in s. 289(1)(2) of the repealing Act) by Taxation of Chargeable Gains Act 1992 (c. 12), ss. 289, 290, Sch.12 (with s. 201(3), Sch. 11 paras. 20, 22, 26(2), 27 and with saving in Sch. 11 para. 24(2)) and subject to an amendment (prosp.) by Museum and Galleries Act 1992 (c. 44), s. 11(2), Sch. 8 Pt. I para. 1(1)(2)(7), and amendments by: Disability Living Allowance and Disability Working Allowance Act 1991 (c. 21), s. 4(2), Sch. 2 para. 9(1)(2) (in force 6.4.1992 by S.I. 1991/2617, art. 2(f)); S.I. 1991/2874, art. 2 (in force 6.4.1992 by S.R. 1992/94, art. 2); Social Security (Consequential Provisions) Act 1992 (c. 6), s. 4, Sch. 2 para. 52(a)(b) (in force 1.7.1992 by s. 7(2) of the amending Act); Social Security (Consequential Provisions) (Northern Ireland) Act 1992 (c. 9), s. 4, Sch. 2 para. 20(a)(b) (in force 1.7.1992 by s. 7(2) of the amending Act); Finance (No. 2) Act 1992 (c. 48), ss. 35(2), 47, 48, 56, 77, Sch. 9 para. 20(1)(inserting ss. 143A and 143B), Sch. 17 paras. 3, 6(2)(5), 7, (the amendments coming into force 16.7.1992 except for the amendment by s. 56, Sch. 9 para. 20(1) which comes into force on 19.2.1993 by S.I. 1993/236, art. 2); and amendments (retrospective to 1.1.1992) by ss. 35(2), 47, 48 of the same 1992 Act, and amendments (27.7.1993 with effect as mentioned in ss. 84(3), 86(4), 88(4), 105(4) of the amending Act) by 1993 c. 34, ss. 84(3), 86(4), 88(4)(a)(b), 105(3)(4)