# Finance Act 2003, Paragraph 15: Co-ownership ... contractual schemes


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

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Source: https://www.legislation.gov.uk/ukpga/2003/14/schedule/9A/paragraph/15 (the official version)
Page: https://openlegislation.uk/finance-act-2003/schedule-9A/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.