# Finance Act 2007, 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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2007/11/schedule/20/paragraph/14 (the official version)
Page: https://openlegislation.uk/finance-act-2007/schedule-20/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.