{
  "url": "https://openlegislation.uk/co-ownership-contractual-schemes-tax-regulations-2025/regulation-53",
  "json_url": "https://openlegislation.uk/co-ownership-contractual-schemes-tax-regulations-2025/regulation-53.json",
  "legislation": "uksi/2025/200",
  "legislation_title": "The Co-ownership Contractual Schemes (Tax) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/co-ownership-contractual-schemes-tax-regulations-2025",
  "path": "regulation/53",
  "kind": "regulation",
  "number": "53",
  "heading": "Property rich collective investment vehicles",
  "text": "(1) Schedule 5AAA to TCGA 1992 is amended as follows.\n(2) In the italic heading before paragraph 5 for “a CoACS” substitute “certain co-ownership schemes”.\n(3) In paragraph 5(1) after “co-ownership scheme” insert “, or a Reserved Investor Fund (Contractual Scheme),”.\n(4) In paragraph 12—\n(a) in sub-paragraph (3)(a) after “CoACS” insert “or a RIF”,\n(b) in sub-paragraph (4)(b) after “CoACS”, in both places it occurs, insert “or RIF”, and\n(c) in sub-paragraph (8) after the definition of “CoACS” insert—\n““RIF” means a Reserved Investor Fund (Contractual Scheme).”.\n(5) In paragraph 21(5)(a) after “CoACS”, in both places it occurs, insert “or RIF”.\n(6) In paragraph 33(1)—\n(a) after paragraph (a) insert “,\n“(aa) a RIF (within the meaning of paragraph 12) that meets the UK property rich condition in regulation 12 of the Co-ownership Contractual Schemes (Tax) Regulations 2025.”, and\n(b) in the words after paragraph (d), after “transparent fund,” insert “the RIF,”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Schedule 5AAA was added by paragraph 21 of Schedule 1 to the Finance Act 2019 (c. 1); relevant amendments were made by S.I. 2020/315 and 2021/213."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/200/regulation/53",
    "retrieved_at": "2026-10-28T21:20:08.412857+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}