Paragraph 36 F1

(1)

The Treasury may by regulations make provision with respect to—

(a)

what is to count as consideration for the acquisition of an interest in taxable property, and

(b)

the determination of the amount of such consideration.

(2)

The Treasury may by regulations make provision with respect to the determination of the market value of an interest held in taxable property.

(3)

Regulations under this paragraph may, in particular, make provision for cases where an investment-regulated pension scheme acquires—

(a)

an interest in taxable property outside the United Kingdom,

(b)

a licence to use or occupy taxable property, or

(c)

an interest in taxable property which is tangible moveable property.

(4)

Regulations under this paragraph may—

(a)

amend this Part of this Schedule, and

(b)

include provision having effect in relation to times before they are made.

Annotations

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