SCHEDULES
F1SCHEDULE 29ATaxable property held by investment-regulated pension schemes
Part 4Amount and timing of unauthorised payment
Acquisition: further provisions
36
1
The Treasury may by regulations make provision with respect to—
a
what is to count as consideration for the acquisition of an interest in taxable property, and
b
the determination of the amount of such consideration.
2
The Treasury may by regulations make provision with respect to the determination of the market value of an interest held in taxable property.
3
Regulations under this paragraph may, in particular, make provision for cases where an investment-regulated pension scheme acquires—
a
an interest in taxable property outside the United Kingdom,
b
a licence to use or occupy taxable property, or
c
an interest in taxable property which is tangible moveable property.
4
Regulations under this paragraph may—
a
amend this Part of this Schedule, and
b
include provision having effect in relation to times before they are made.
Sch. 29A inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 13