{
  "url": "https://openlegislation.uk/investment-regulated-pension-schemes-exception-of-tangible-moveable-property-order-2006/article-2",
  "json_url": "https://openlegislation.uk/investment-regulated-pension-schemes-exception-of-tangible-moveable-property-order-2006/article-2.json",
  "legislation": "uksi/2006/1959",
  "legislation_title": "The Investment-regulated Pension Schemes (Exception of Tangible Moveable Property) Order 2006",
  "legislation_url": "https://openlegislation.uk/investment-regulated-pension-schemes-exception-of-tangible-moveable-property-order-2006",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Exclusions from tangible moveable property",
  "text": "The following property shall not be regarded as taxable property for the purposes of the taxable property provisions (within the meaning in paragraph 1(3) of Schedule 29A to the Finance Act 2004)—\n(a) gold bullion (that is, gold of a purity not less than 995 thousandths, which is in the form of a bar, or of a wafer, of a weight accepted by the bullion markets);\n(b) any item of tangible moveable property (whose market value does not exceed £6,000)—\n(i) held by a vehicle (within the meaning in paragraph 20(2) of Schedule 29A to the Finance Act 2004) solely for the purposes of the administration or management of the vehicle;\n(ii) in which the relevant investment-regulated pension scheme does not hold an interest directly; and\n(iii) where a member of the pension scheme or a person connected with such a member does not occupy or use, or have any right to occupy or use, the property.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/1959/article/2",
    "retrieved_at": "2026-10-29T04:25:06.476902+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."
}