SCHEDULES

F1SCHEDULE 29ATaxable property held by investment-regulated pension schemes

Annotations:
Amendments (Textual)
F1

Sch. 29A inserted (retrospective to 6.4.2006) by Finance Act 2006 (c. 25), s. 158(2), Sch. 21 para. 13

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.