http://www.legislation.gov.uk/uksi/2006/1958/regulation/5/made

The Pensions Schemes (Taxable Property Provisions) Regulations 2006

INCOME TAX

King's Printer of Acts of Parliament

2011-07-04

INCOME TAX

These Regulations have two principal effects. The first is to supplement the tax rules in Schedule 29A of the Finance Act 2004 (inserted by Schedule 21 to the Finance Act 2006) for determining the total taxable amount when an investment-regulated pension scheme acquires a direct or indirect interest in taxable property (that is, residential property or tangible moveable property). The second is to make a member of a registered pension scheme which is established outside the United Kingdom, and holds an interest in taxable property located outside the United Kingdom, liable to pay the scheme sanction charge in respect of income and gains from that property.