# The Co-ownership Contractual Schemes (Tax) Regulations 2025, Regulation 53: Property rich collective investment vehicles


(1) Schedule 5AAA to TCGA 1992 is amended as follows.
(2) In the italic heading before paragraph 5 for “a CoACS” substitute “certain co-ownership schemes”.
(3) In paragraph 5(1) after “co-ownership scheme” insert “, or a Reserved Investor Fund (Contractual Scheme),”.
(4) In paragraph 12—
(a) in sub-paragraph (3)(a) after “CoACS” insert “or a RIF”,
(b) in sub-paragraph (4)(b) after “CoACS”, in both places it occurs, insert “or RIF”, and
(c) in sub-paragraph (8) after the definition of “CoACS” insert—
““RIF” means a Reserved Investor Fund (Contractual Scheme).”.
(5) In paragraph 21(5)(a) after “CoACS”, in both places it occurs, insert “or RIF”.
(6) In paragraph 33(1)—
(a) after paragraph (a) insert “,
“(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
(b) in the words after paragraph (d), after “transparent fund,” insert “the RIF,”.

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Source: https://www.legislation.gov.uk/uksi/2025/200/regulation/53 (the official version)
Page: https://openlegislation.uk/co-ownership-contractual-schemes-tax-regulations-2025/regulation-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.