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Finance Act 2004

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Changes over time for: Paragraph 16

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Version Superseded: 06/04/2024

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Point in time view as at 06/04/2020.

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 2004, Paragraph 16. Help about Changes to Legislation

16(1)This paragraph applies on the occurrence of a transfer of sums or assets held for the purposes of, or representing accrued rights under, a relieved non-UK pension scheme which (apart from sub-paragraph (2)) would by virtue of paragraph 13 be a benefit crystallisation event in relation to an individual who is a relieved member of the relieved non-UK pension scheme.U.K.

(2)The event is not a benefit crystallisation event if the transfer is a block transfer.

(3)A transfer is a block transfer if it involves the transfer in a single transaction of all the sums and assets held for the purposes of, or representing accrued rights under, the arrangements under the relieved non-UK pension scheme which relate to—

(a)the individual, and

(b)at least one other member of the relieved non-UK pension scheme (whether or not that member is a relieved member).

Modifications etc. (not altering text)

Commencement Information

I1Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284

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