# The Co-ownership Contractual Schemes (Tax) Regulations 2025, Regulation 30: Land transaction upon RIF or eligible co-ownership scheme becoming unauthorised contractual scheme


(1) For the purposes of Part 4 of FA 2003, a land transaction is to be treated as having occurred at any time that a RIF, or an eligible co-ownership scheme, becomes an unauthorised contractual scheme.
(2) In such a case—
(a) the land transaction is the acquisition of the chargeable interests of the scheme by the participants in the scheme, and
(b) the effective date of the transaction is the date on which the scheme ceases to be a RIF or an eligible co-ownership scheme and becomes an unauthorised contractual scheme.
(3) Paragraphs (6) and (7) of regulation 28 apply for the purposes of this regulation as if the reference in paragraph (6)(b) to “paragraph (1)” was a reference to paragraph (1) of this regulation.

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Source: https://www.legislation.gov.uk/uksi/2025/200/regulation/30 (the official version)
Page: https://openlegislation.uk/co-ownership-contractual-schemes-tax-regulations-2025/regulation-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.