SCHEDULES
F1SCHEDULE 29ATaxable property held by investment-regulated pension schemes
Part 3Acquisition and holding of taxable property
Indirect holding
17
1
For the purposes of paragraph 16 a person holds an interest in a company if—
a
the person has, or is entitled to acquire, share capital or voting rights in the company,
b
the person has, or is entitled to acquire, a right to receive or participate in distributions of the company,
c
the person is entitled to secure that income or assets (whether present or future) of the company will be applied directly or indirectly for the person's benefit, or
d
the person, either alone or together with other persons, has control of the company.
2
In sub-paragraph (1) references to a person being entitled to do anything apply where a person—
a
is currently entitled to do it at a future date, or
b
will at a future date be entitled to do it.
3
In sub-paragraph (1) “control” has the meaning given by section 416 of ICTA.
Sch. 29A inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 13