The UK Property Rich Collective Investment Vehicles (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2020
en
King's Printer of Acts of Parliament
2020-03-18
CAPITAL GAINS TAX
CORPORATION TAX
These Regulations amend Schedule 5AAA to the Taxation of Chargeable Gains Act 1992 (c. 12) (TCGA 1992). Schedule 5AAA (the Schedule) was inserted in TCGA 1992 by Schedule 1 to the Finance Act 2019 (c. 1) which concerns the capital gains tax treatment of disposals of interests in UK land by non-UK residents and contains provisions relating to UK property rich collective investment vehicles (CIVs) and their investors.
Amendment of Schedule 5AAA to the Taxation of Chargeable Gains Act 19925
In paragraph 6(8) (disposals by non-UK residents), for “schemes” substitute “vehicles”.