{
  "url": "https://openlegislation.uk/income-tax-pension-funds-pooling-schemes-regulations-1996",
  "json_url": "https://openlegislation.uk/income-tax-pension-funds-pooling-schemes-regulations-1996.json",
  "id": "uksi/1996/1585",
  "title": "The Income Tax (Pension Funds Pooling Schemes) Regulations 1996",
  "short_title": "Income Tax (Pension Funds Pooling Schemes) 1996",
  "long_title": "These Regulations provide for certain unauthorised unit trust schemes (“pension funds pooling schemes”), participation in which is restricted to specified pension schemes or funds and which satisfy the criteria set out in the Regulations, to be excepted from the treatment of such unit trust schemes given by section 469 of the Income and Corporation Taxes Act 1988 (“section 469”). The effect is that income and expenditure of the trustee of the scheme will be treated, so far as income tax and capital allowances are concerned, as being income and expenditure of the participants, the proportion of that income and expenditure attributable to any participant being determined by the size of that participant’s share of the scheme property.",
  "citation": "S.I. 1996/1585",
  "type": "uksi",
  "year": "1996",
  "number": "1585",
  "version": "current",
  "date": "1996-06-19",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 40,
  "provisions": [
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      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/income-tax-pension-funds-pooling-schemes-regulations-1996/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
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      "heading": "Citation and commencement",
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      "status": null,
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    {
      "path": "regulation/3",
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      "heading": "Exception of pension funds pooling scheme from section 469",
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      "extent": null,
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    {
      "path": "regulation/4",
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      "heading": "Description of a pension funds pooling scheme",
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      "extent": null,
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    },
    {
      "path": "regulation/5",
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      "heading": "Expenditure qualifying for capital allowances—specification of conditions",
      "url": "https://openlegislation.uk/income-tax-pension-funds-pooling-schemes-regulations-1996/regulation-5",
      "extent": null,
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      "heading": "Expenditure qualifying for capital allowances—provisions supplementary to regulation 5",
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      "extent": null,
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    },
    {
      "path": "regulation/7",
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      "heading": "Approval of participants",
      "url": "https://openlegislation.uk/income-tax-pension-funds-pooling-schemes-regulations-1996/regulation-7",
      "extent": null,
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    },
    {
      "path": "regulation/8",
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      "number": "8",
      "heading": "Notification by participant of non-eligibility",
      "url": "https://openlegislation.uk/income-tax-pension-funds-pooling-schemes-regulations-1996/regulation-8",
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/9",
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      "number": "9",
      "heading": "Duties of trustee of a pension funds pooling scheme—participants ceasing to be eligible to participate",
      "url": "https://openlegislation.uk/income-tax-pension-funds-pooling-schemes-regulations-1996/regulation-9",
      "extent": null,
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    },
    {
      "path": "regulation/10",
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      "number": "10",
      "heading": "Responsibilities of trustee of a pension funds pooling scheme",
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      "extent": null,
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    {
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      "heading": "Duties of trustee of a pension funds pooling scheme—annual provision of information",
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      "path": "signature",
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    },
    {
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      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/income-tax-pension-funds-pooling-schemes-regulations-1996/note",
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    }
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  "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."
}