{
  "url": "https://openlegislation.uk/finance-act-2026/schedule-7/paragraph-16",
  "json_url": "https://openlegislation.uk/finance-act-2026/schedule-7/paragraph-16.json",
  "legislation": "ukpga/2026/11",
  "legislation_title": "Finance Act 2026",
  "legislation_url": "https://openlegislation.uk/finance-act-2026",
  "path": "schedule/7/paragraph/16",
  "kind": "paragraph",
  "number": "16",
  "heading": "Removal of the 20% rule",
  "text": "(1) In section 1146, omit subsection (6).\n(2) In consequence of the amendment made by sub-paragraph (1)—\n(a) omit section 1147 (investment managers: the 20% rule),\n(b) omit section 1148 (interpretation of section 1147), and\n(c) omit section 1149 (application of 20% rule to collective investment schemes).",
  "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/2026/11/schedule/7/paragraph/16",
    "retrieved_at": "2026-10-29T08:42:24.914774+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}