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Paragraph 5

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Units in a unit trust scheme which—

(a)

is an unauthorised unit trust whose gains are not chargeable gains by virtue of section 100(2) of the Taxation of Chargeable Gains Act 1992, and

(b)

does not hold any freehold or leasehold interest in residential property other than that specified in paragraph 13 or 14 of this Schedule.