# Finance Act 2024, Paragraph 9: Disposal of rights or interests in UK property rich funds

Extent: E+W+S+N.I.

(1) Section 535A (disposals of rights or interests in UK property rich companies) is amended as follows.
(2) After subsection (7) insert—
“(7A) Any such reference also includes the disposal of a right or interest in a fund (a “relevant fund”) that—
(a) is an authorised contractual scheme (within the meaning given by section 237(3) of FISMA 2000) which is a co-ownership scheme (within the meaning given by section 235A of that Act), and
(b) is UK property rich as determined in accordance with paragraph 3 of Schedule 5AAA to TCGA (UK property rich collective investment vehicles etc).”
(3) In subsection (8) after “subsection (7)” insert “or (7A)”.

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/7/paragraph/9 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-7/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.