Paragraph 27 F1
Where—
(a)
an investment-regulated pension scheme holds an interest in property which is not taxable property, and
(b)
that property becomes taxable property otherwise than by reason of its conversion or adaptation as residential property,
the pension scheme is treated for the purposes of the taxable property provisions as acquiring an interest in the property.
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