The Co-ownership Contractual Schemes (Tax) Regulations 2025
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Change 1
45 Umbrella schemes: additional notification requirements
(1) The operator of an umbrella RIF must notify HMRC if— (a) a sub-scheme of the RIF is wound up, or (b) a new sub-scheme of the RIF is established. (2) A notice— (a) under paragraph (1) must be submitted to HMRC within a period of 30 days, beginning with the day on which the event in paragraph (1) occurred; (b) under paragraph (1)(b) must additionally include which of the restriction conditions is met by the new sub-scheme.
45 Umbrella schemes: additional notification requirements
(1) The operator of an umbrella RIF must notify HMRC if— (a) a sub-scheme of the RIF is wound up, or (b) a new sub-scheme of the RIF is established. (2) A notice— (a) under paragraph (1) must be submitted to HMRC within a period of 30 days, beginning with the day on which the event in paragraph (1) occurred; (b) under paragraph (1)(b) must additionally include which of the restriction conditions is met by the new sub-scheme.
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