Beneficial ownershipU.K.
15(1)The investor must be the sole beneficial owner of the investment when it is made.
(2)Where the investment consists of a loan, the person beneficially entitled to repayment of the loan shall be treated as the beneficial owner of the loan for the purposes of this Schedule.
Commencement Information
I1Sch. 16 para. 15 in force at 23.1.2003 by S.I. 2003/88, arts. 2, 3