The Co-ownership Contractual Schemes (Tax) Regulations 2025
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Change 1
4 Entry notices: general
(1) An “entry notice” means a notice given to HMRC by the operator of a co-ownership scheme, setting out— (a) the name of the scheme, (b) the date from which the scheme is a RIF, (c) a declaration— (i) in the case of a notice in which the date specified for the purposes of sub-paragraph (b) is a date before the submission of the notice, that on that date the scheme met the qualifying conditions and continues to meet those conditions, subject to any declaration under regulation 9 or 13; (ii) in the case of a notice in which the date specified for the purposes of sub-paragraph (b) is a date on or after the submission of the notice, that the operator of the scheme intends and reasonably expects that on that date the scheme will meet the qualifying conditions, subject to any declaration under regulation 9 or 13, (d) which one or more restriction conditions are, or will be, met by the scheme, and (e) a declaration that the operator of the scheme intends and reasonably expects that the scheme will be a RIF until such time as it is wound up or converted to an authorised co-ownership scheme. (2) An entry notice may be made at any time— (a) on or before the date specified in the notice for the purposes of paragraph (1)(b), or (b) before the end of the period of 3 months beginning with that date, providing the scheme is not a scheme to which regulation 28 applies. (3) An entry notice may not be made in respect of a scheme which has been given a notice in accordance with— (a) regulation 23, (b) regulation 24(1)(a) or (b), unless the information required under regulation 37 has been submitted to HMRC, or (c) regulation 24(1)(c) or (d). (4) The date included in an entry notice by virtue of paragraph (1)(b) may not be before the day on which these Regulations come into force.
4 Entry notices: general
(1) An “entry notice” means a notice given to HMRC by the operator of a co-ownership scheme, setting out— (a) the name of the scheme, (b) the date from which the scheme is a RIF, (c) a declaration— (i) in the case of a notice in which the date specified for the purposes of sub-paragraph (b) is a date before the submission of the notice, that on that date the scheme met the qualifying conditions and continues to meet those conditions, subject to any declaration under regulation 9 or 13; (ii) in the case of a notice in which the date specified for the purposes of sub-paragraph (b) is a date on or after the submission of the notice, that the operator of the scheme intends and reasonably expects that on that date the scheme will meet the qualifying conditions, subject to any declaration under regulation 9 or 13, (d) which one or more restriction conditions are, or will be, met by the scheme, and (e) a declaration that the operator of the scheme intends and reasonably expects that the scheme will be a RIF until such time as it is wound up or converted to an authorised co-ownership scheme. (2) An entry notice may be made at any time— (a) on or before the date specified in the notice for the purposes of paragraph (1)(b), or (b) before the end of the period of 3 months beginning with that date, providing the scheme is not a scheme to which regulation 28 applies. (3) An entry notice may not be made in respect of a scheme which has been given a notice in accordance with— (a) regulation 23, (b) regulation 24(1)(a) or (b), unless the information required under regulation 37 has been submitted to HMRC, or (c) regulation 24(1)(c) or (d). (4) The date included in an entry notice by virtue of paragraph (1)(b) may not be before the day on which these Regulations come into force.
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