The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006
PART 1Introduction
1Citation, commencement and interpretation
PART 2Application and computation of UK tax charges
2Computation of a member’s UK tax-relieved fund under a relevant non-UK scheme
3Computation of a member’s relevant transfer fund
3AComputation of a member’s taxable asset transfer fund
3BComputation of the member’s ring-fenced transfer fund
3CComputation of the member’s ring-fenced taxable asset transfer fund
4Attributing payments to particular funds under a relevant non-UK scheme
4ZAFund depletion
4ZBPayment and crystallisation valuation
4ZCOrder of attributing payments
4ZDReversal of fund depletion
4ZEOrder of attributing repayment of an overseas transfer charge
4ZFTransitional Provisions
4ATaxable property provisions to apply to a transfer member of a relevant non-UK scheme (to payments referable to his taxable asset transfer fund or ring-fenced taxable asset transfer fund)
4BUnauthorised payments charge to apply (in lieu of scheme chargeable payment)
4CModification of paragraph 15 of Schedule 29A
4DModifications of paragraphs 29 and 31 of Schedule 29A
PART 3
5Modifications to Part 4 of the Finance Act 2004 in respect of relevant non-UK schemes
6Modification of section 165
7Modification of section 167
8Modification of section 227
9Modification of section 231
10Modification of section 235
11Modification of section 275
12Modification of section 276
13Modification of section 279
14Modification of Schedule 28
15Modification of Schedule 29
16Modification of Schedule 32
17Modification of Schedule 34
Part 4
18Modifications of Chapter 15A of ITEPA 2003 in respect of relevant non-UK schemes

2006 No. 207

INCOME TAX

The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006

Made

Laid before the House of Commons

Coming into force

The Commissioners for Her Majesty’s Revenue and Customs, in exercise of the powers conferred upon them by paragraphs 3(2), (5) and (6), 4(2) and (4), 7, 12 and 19 of Schedule 34 to the Finance Act 20041, make the following Regulations: