[F1Power to make provision in relation to UK property rich collective investment vehicles etcU.K.
Textual Amendments
F1Sch. 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
48(1)The Treasury may by regulations make provision for the purposes of any provision of this Act in relation to—U.K.
(a)collective investment vehicles that are UK property rich, or
(b)investments made (directly or indirectly) by collective investment vehicles in companies that are UK property rich.
(2)Among other things, the regulations—
(a)may amend any provision made by this Schedule, or
(b)may disapply any provision made by or under this Act or provide for any provision made by or under this Act to have effect with modifications specified in the regulations.
(3)The regulations may make provision having effect in relation to times before the regulations are made.
(4)The regulations—
(a)may make different provision for different purposes, and
(b)may make supplementary, incidental, consequential or transitional or saving provision.]