SCHEDULES
F1SCHEDULE 29ATaxable property held by investment-regulated pension schemes
Annotations:
Amendments (Textual)
Part 3Acquisition and holding of taxable property
Exceptions to indirect holding
22
1
This paragraph applies to a vehicle in which a pension scheme directly or indirectly holds an interest where the vehicle is—
a
a company to which Part 4 of the Finance Act 2006 (Real Estate Investment Trusts) applies, or
b
a member of a group to which that Part applies.
2
But this paragraph does not apply if the purpose or one of the purposes for which the pension scheme holds the interest in the vehicle is to enable a member of the pension scheme or a person connected with such a member to occupy or use the property.
3
Section 839 of ICTA (connected persons) applies for the purposes of sub-paragraph (2).
Sch. 29A inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 13