The Co-ownership Contractual Schemes (Tax) Regulations 2025
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
2 Interpretation: Part 2
(1) In this Part— “the 2009 Regulations” means the Offshore Funds (Tax) Regulations 2009; “accounting period” has the meaning given by regulation 33; “depositary”, in relation to a co-ownership scheme, has the meaning given by section 237(2) of FISMA 2000; “disposal”, in relation to an asset, has the meaning it has in section 21 of TCGA 1992; “entry notice” has the meaning given by regulation 4(1); “exempt investor condition” has the meaning given by regulation 14; “exit notice” has the meaning given by regulation 22; “FISMA 2000” means the Financial Services and Markets Act 2000; “genuine diversity of ownership condition” has the meaning given by regulation 7; “information reporting date”, in relation to an accounting period, means the date 6 months after the end of the accounting period; “non-close condition” has the meaning given by regulation 8; “non-UK property assets condition” has the meaning given by regulation 11; “the operator”, in relation to a co-ownership scheme, has the meaning given by section 237(2) of FISMA 2000 (see paragraph (aa) of that definition); “ownership requirement” has the meaning given by regulation 5(4); “participant”, in relation to a co-ownership scheme, has the meaning given by section 235 of FISMA 2000; “qualifying conditions” has the meaning given by regulation 5(3); “restriction conditions” has the meaning given by regulation 10(2); “restriction requirement” has the meaning given by regulation 10(1); “UK-based condition” has the meaning given by regulation 6; “UK property rich condition” has the meaning given by regulation 12. (2) In this Part, a reference to an asset, or any other interest, of, or belonging to, a co-ownership scheme (however expressed) is a reference to an asset, or any other interest, that is subject to the scheme.
2 Interpretation: Part 2
(1) In this Part— “the 2009 Regulations” means the Offshore Funds (Tax) Regulations 2009; “accounting period” has the meaning given by regulation 33; “depositary”, in relation to a co-ownership scheme, has the meaning given by section 237(2) of FISMA 2000; “disposal”, in relation to an asset, has the meaning it has in section 21 of TCGA 1992; “entry notice” has the meaning given by regulation 4(1); “exempt investor condition” has the meaning given by regulation 14; “exit notice” has the meaning given by regulation 22; “FISMA 2000” means the Financial Services and Markets Act 2000; “genuine diversity of ownership condition” has the meaning given by regulation 7; “information reporting date”, in relation to an accounting period, means the date 6 months after the end of the accounting period; “non-close condition” has the meaning given by regulation 8; “non-UK property assets condition” has the meaning given by regulation 11; “the operator”, in relation to a co-ownership scheme, has the meaning given by section 237(2) of FISMA 2000 (see paragraph (aa) of that definition); “ownership requirement” has the meaning given by regulation 5(4); “participant”, in relation to a co-ownership scheme, has the meaning given by section 235 of FISMA 2000; “qualifying conditions” has the meaning given by regulation 5(3); “restriction conditions” has the meaning given by regulation 10(2); “restriction requirement” has the meaning given by regulation 10(1); “UK-based condition” has the meaning given by regulation 6; “UK property rich condition” has the meaning given by regulation 12. (2) In this Part, a reference to an asset, or any other interest, of, or belonging to, a co-ownership scheme (however expressed) is a reference to an asset, or any other interest, that is subject to the scheme.
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