F1SCHEDULE 29ATaxable property held by investment-regulated pension schemes
Part 4Amount and timing of unauthorised payment
Apportionment to pension scheme
42
(1)
References in this Schedule to the extent of an interest held directly by a person in a vehicle are references to the proportion of the interests of everyone who directly holds an interest in the vehicle which on a just and reasonable apportionment is represented by that interest.
(2)
Sub-paragraph (1) is subject to paragraph 43, which explains how to determine the extent of a person's interest in a vehicle for the purposes of the taxable property provisions where the vehicle is a company.
(3)
The Treasury may by regulations—
(a)
amend paragraph 43, or
(b)
amend this Part of this Schedule for the purposes of explaining how to determine the extent of a person's interest in a vehicle in other cases.
(4)
Regulations under sub-paragraph (3) may include provision having effect in relation to times before they are made.