Paragraph 13 F1

(1)

For the purposes of the taxable property provisions an investment-regulated pension scheme holds an interest in property if the scheme holds the interest directly or indirectly.

(2)

In the taxable property provisions references to a person holding an interest in property include, in the case of—

(a)

an investment-regulated pension scheme,

(b)

an arrangement under a pension scheme, or

(c)

a trust which is not a pension scheme,

references to the interest in the property being held for the purposes of the pension scheme, the arrangement or the trust.

Annotations

Textual amendments

F1: Sch. 29A inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 13