Paragraph 5 F1
This paragraph applies to a unit in an authorised contractual scheme which is a co-ownership scheme F2, or a Reserved Investor Fund (Contractual Scheme), where, as a result of the application of section 103D (application of Act to tax transparent funds), the unit is treated as an asset for the purposes of this Act.
The asset is treated for the purposes of Schedule 1A as if it were a share in a company.
Annotations
Textual amendments
- F1
Sch. 5AAA inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by Finance Act 2019 (c. 1), Sch. 1 para. 21
- F2
Words in Sch. 5AAA para. 5(1) inserted (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 53(3) (with reg. 63)
Notes on Units in certain co-ownership schemes treated as shares in a company
Textual amendments
- F2
Words in Sch. 5AAA para. 5 cross-heading substituted (19.3.2025) by The Co-ownership Contractual Schemes (Tax) Regulations 2025 (S.I. 2025/200), regs. 1(2), 53(2) (with reg. 63)