Paragraph 14
(1)
Schedule 29A (taxable property held by investment-regulated pension schemes) is amended as follows.
(2)
In paragraph 20(1)(b) (indirect holdings: introduction to exception for REITs), for “paragraph 22 makes” substitute “ paragraphs 22, 24 and 25 make ”.
(3)
In paragraph 22 (REITs)—
(a)
in sub-paragraph (1), after paragraph (b) insert— “ and paragraph 24 applies to the pension scheme's interest in the vehicle. ”, and
(b)
omit sub-paragraph (2).
(4)
In paragraph 24(1) (conditions applying for paragraph 23), for “paragraph 23” substitute “ paragraphs 22 and 23 ”.
(5)
In paragraph 25(2) (provisions supplementing paragraph 24), for “23(1)” substitute “ 22 or 23 ”.