SCHEDULES

F1SCHEDULE 29ATaxable property held by investment-regulated pension schemes

Annotations:
Amendments (Textual)
F1

Sch. 29A inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 13

Part 3Acquisition and holding of taxable property

Acquisition

12

1

For the purposes of the taxable property provisions an investment-regulated pension scheme acquires an interest in property if it comes to hold the interest.

2

Sub-paragraph (1) applies however the pension scheme comes to hold the interest, whether that is—

a

by act of the parties to a transaction,

b

by order of a court or other authority,

c

by or under any statutory provision, or

d

by operation of law.

3

For instances of deemed acquisition, see paragraphs 27 to 29.