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Paragraph 15 Co-ownership ... contractual schemesF1F3

(1)

Subject to sub-paragraph (2), a co-ownership authorised contractual scheme is not “non-resident” in relation to any chargeable transaction.

(2)

A collective investment scheme that is a co-ownership authorised contractual scheme by virtue of section 102A(7) (EEA schemes) is “non-resident” in relation to all chargeable transactions.

F2(3)

A Reserved Investor Fund (Contractual Scheme) is not “non-resident” in relation to any chargeable transaction.

Annotations

Textual amendments

F1

Sch. 9A inserted (with effect in accordance with Sch. 16 para. 6 of the amending Act) by Finance Act 2021 (c. 26), Sch. 16 para. 5

F2

Sch. 9A para. 15(3) inserted (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 57(9) (with reg. 63)

F3

Word in Sch. 9A para. 15 cross-heading omitted (19.3.2025) by virtue of The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 57(8) (with reg. 63)