SCHEDULES
SCHEDULE 16Property authorised investment funds and co-ownership authorised contractual schemes
PART 3Consequential amendments
10
In section 118 (market value)—
a
the existing text becomes subsection (1), and
b
after subsection (1) insert—
2
This is subject to paragraphs 7(7) and 17(7) of Schedule 7A (which define “market value” for certain purposes of PAIF seeding relief and COACS seeding relief).