{
  "url": "https://openlegislation.uk/finance-act-2025/section-58",
  "json_url": "https://openlegislation.uk/finance-act-2025/section-58.json",
  "legislation": "ukpga/2025/8",
  "legislation_title": "Finance Act 2025",
  "legislation_url": "https://openlegislation.uk/finance-act-2025",
  "path": "section/58",
  "kind": "section",
  "number": "58",
  "heading": "EBTs: prohibition on applying property for benefit of participators etc",
  "text": "(1) IHTA 1984 is amended as follows.\n(2) In section 13 (dispositions by close companies for benefit of employees), in subsection (2)—\n(a) in paragraph (a), after “who is” insert “, at the time of the disposition,”;\n(b) in paragraph (b), after “who is” insert “, at the time of the disposition,”;\n(c) in paragraph (c), for “has been” substitute “is”;\n(d) in paragraph (d), after “who is” insert “, at the time of the disposition or any later time,”.\n(3) In section 28 (employee trusts), in subsection (4)—\n(a) for paragraph (a) substitute—\n“(a) a person who is, at the time of the transfer of value mentioned in subsection (1), a participator in the company mentioned in that subsection; or”;\n(b) in paragraph (b), after “who is” insert “, at the time of the transfer of value mentioned in subsection (1),”;\n(c) in paragraph (c), for “has been” substitute “is”;\n(d) for paragraph (d) substitute—\n“(d) any person who is, at the time of the transfer of value mentioned in subsection (1) or any later time, connected with a person within paragraph (a), (b) or (c).”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2025/8/section/58",
    "retrieved_at": "2026-10-29T08:47:01.939707+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}