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Textual Amendments
F1Sch. 29A inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 13
10(1)Residential property is not taxable property in relation to a pension scheme if Condition A or B is met.U.K.
(2)Condition A is met if the property is (or, if unoccupied, is to be) occupied by an employee who—
(a)is neither a member of the pension scheme nor connected with such a member,
(b)is not connected with the employer, and
(c)is required as a condition of employment to occupy the property.
(3)Condition B is met if the property is (or, if unoccupied, is to be)—
(a)occupied by a person who is neither a member of the pension scheme nor connected with such a member, and
(b)used in connection with business premises held as an investment of the pension scheme.
(4)[F2Section 1122 of the Corporation Tax Act 2010] (connected persons) applies for the purposes of this paragraph.]
Textual Amendments
F2Words in Sch. 29A para. 10(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 431(5)(a) (with Sch. 2)