# The Co-ownership Contractual Schemes (Tax) Regulations 2025, Regulation 6: A UK-based scheme


A co-ownership scheme is UK-based if—
(a) the operator and depositary of the scheme are bodies corporate incorporated in the United Kingdom,
(b) the operator and depositary of the scheme both have a place of business in the United Kingdom from where they administer the co-ownership scheme, and
(c) the deed setting out the arrangements which constitute the scheme is made under and governed by the law of England and Wales, Scotland or Northern Ireland and contains a statement to that effect.

---
Source: https://www.legislation.gov.uk/uksi/2025/200/regulation/6 (the official version)
Page: https://openlegislation.uk/co-ownership-contractual-schemes-tax-regulations-2025/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.