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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Capital Gains Tax (Definition of Unit Trust Scheme) Regulations 1988 (S.I. 1988/266) so as to provide that an employee share ownership plan approved under Schedule 8 to the Finance Act 2000 (c. 17) is not a unit trust scheme for the purposes of the Taxation of Chargeable Gains Act 1992 (c. 12).