Paragraph 431

(1)

Amend Schedule 29A (taxable property held by investment-regulated pension schemes) as follows.

(2)

In paragraph 17(3) for “section 416 of ICTA” substitute “ sections 450 and 451 of the Corporation Tax Act 2010 ”.

(3)

In paragraph 21(3)—

(a)

in paragraph (a)—

(i)

for “section 416 of ICTA” substitute “ sections 450 and 451 of the Corporation Tax Act 2010 ”,

(ii)

for “that section” substitute “ those sections ”, and

(b)

in paragraph (b)—

(i)

for “paragraph (b) of section 417(5)” substitute “ section 452(2)(b) ”,

(ii)

for “that paragraph” substitute “ section 452(3) of that Act ”.

(4)

In paragraph 22(1) for the words from “is” to “that Part applies” substitute “ is a company which is, or is a member of, a UK REIT within the meaning of Part 12 of the Corporation Tax Act 2010 (Real Estate Investment Trusts) ”.

(5)

In each of the following paragraphs for “Section 839 of ICTA” substitute “ Section 1122 of the Corporation Tax Act 2010 ”

(a)

paragraph 10(4),

(b)

paragraph 19(8),

(c)

paragraph 21(5),

(d)

paragraph 22(3), and

(e)

paragraph 24(6).