# Finance Act 2026, Paragraph 16: Removal of the 20% rule

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

(1) In section 1146, omit subsection (6).
(2) In consequence of the amendment made by sub-paragraph (1)—
(a) omit section 1147 (investment managers: the 20% rule),
(b) omit section 1148 (interpretation of section 1147), and
(c) omit section 1149 (application of 20% rule to collective investment schemes).

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Source: https://www.legislation.gov.uk/ukpga/2026/11/schedule/7/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-2026/schedule-7/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.