Fraud compensation payments and other related payments44

1

Receipt of a payment to which this regulation applies shall not be regarded as a disposal of an asset for the purposes of capital gains tax or for the purposes of corporation tax on chargeable gains.

2

This regulation applies to—

a

a fraud compensation payment under section 185 of the Pensions Act;

b

an interim payment under section 186 of the Pensions Act;

c

a fraud compensation payment under Article 168 of the Pensions Order;

d

an interim payment under Article 169 of the Pensions Order;

e

a payment made by the Board of the Pension Protection Fund under section 83 of the Pensions Act 1995 M1;

f

a payment in anticipation made by the Board of the Pension Protection Fund under section 84 of that Act;

g

a payment made by the Board of the Pension Protection Fund under Article 81 of the Pensions (Northern Ireland) Order 1995 M2;

h

a payment in anticipation made by the Board of the Pension Protection Fund under Article 82 of that Order.