# The Co-ownership Contractual Schemes (Tax) Regulations 2025, Regulation 5: Qualifying conditions


(1) Paragraph (2) sets out the conditions that a co-ownership scheme must meet in order to be a RIF.
(2) Those conditions are that—
(a) the scheme is UK-based (see regulation 6),
(b) the scheme meets the ownership requirement, and
(c) the scheme meets the restriction requirement (see regulation 10).
(3) In these Regulations, the conditions in section 20(1)(a) to (c) of F(No.2)A 2024 and those in paragraph (2) are, together, referred to as the “qualifying conditions”.
(4) The “ownership requirement” is met at any time that the scheme meets either the genuine diversity of ownership condition (see regulation 7) or the non-close condition (see regulation 8).

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Source: https://www.legislation.gov.uk/uksi/2025/200/regulation/5 (the official version)
Page: https://openlegislation.uk/co-ownership-contractual-schemes-tax-regulations-2025/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.