{
  "url": "https://openlegislation.uk/finance-act-2001/schedule-25/paragraph-2",
  "json_url": "https://openlegislation.uk/finance-act-2001/schedule-25/paragraph-2.json",
  "legislation": "ukpga/2001/9",
  "legislation_title": "Finance Act 2001",
  "legislation_url": "https://openlegislation.uk/finance-act-2001",
  "path": "schedule/25/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Pension funds, &c.: exclusion of exemptions from tax in case of income from property investment LLPs",
  "text": "In Chapter 6 of Part 14 of the Taxes Act 1988 (pension schemes, &c.: miscellaneous provisions), after section 659D insert—\n“ Treatment of income from property investment LLPs\n659E (1) The exemptions specified below do not apply to income derived from investments, deposits or other property held as a member of a property investment LLP.\n(2) The exemptions are those provided by—\nsection 592(2) (exempt approved schemes),\nsection 608(2)(a) (former approved superannuation funds),\nsection 613(4) (Parliamentary pension funds),\nsection 614(3) (certain colonial, &c. pension funds),\nsection 614(4) (the Overseas Service Pension Fund),\nsection 614(5) (other pension funds for overseas employees),\nsection 620(6) (retirement annuity trust schemes), and\nsection 643(2) (approved personal pension schemes).\n(3) The income to which subsection (1) above applies includes relevant stock lending fees, in relation to any investments, to which any of the provisions listed in subsection (2) above would apply by virtue of section 129B.\n(4) Section 659A (treatment of futures and options) applies for the purposes of subsection (1) above.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/2",
    "retrieved_at": "2026-10-29T09:20:10.469456+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."
}