SCHEDULES
SCHEDULE 20Pension schemes etc: miscellaneous
Taxable property held by investment-regulated pension schemes: indirect holdings in REITs
14
1
Schedule 29A (taxable property held by investment-regulated pension schemes) is amended as follows.
2
In paragraph 20(1)(b)
(indirect holdings: introduction to exception for REITs), for “paragraph 22 makes” substitute “
paragraphs 22, 24 and 25 make
”
.
3
In paragraph 22 (REITs)—
a
in sub-paragraph (1), after paragraph (b) insert— “
and paragraph 24 applies to the pension scheme's interest in the vehicle.
”
, and
b
omit sub-paragraph (2).
4
In paragraph 24(1)
(conditions applying for paragraph 23), for “paragraph 23” substitute “
paragraphs 22 and 23
”
.
5
In paragraph 25(2)
(provisions supplementing paragraph 24), for “23(1)” substitute “
22 or 23
”
.