The Co-ownership Contractual Schemes (Tax) Regulations 2025
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Change 1
53 Property rich collective investment vehicles
(1) Schedule 5AAA to TCGA 1992 is amended as follows. (2) In the italic heading before paragraph 5 for “a CoACS” substitute “certain co-ownership schemes”. (3) In paragraph 5(1) after “co-ownership scheme” insert “, or a Reserved Investor Fund (Contractual Scheme),”. (4) In paragraph 12— (a) in sub-paragraph (3)(a) after “CoACS” insert “or a RIF”, (b) in sub-paragraph (4)(b) after “CoACS”, in both places it occurs, insert “or RIF”, and (c) in sub-paragraph (8) after the definition of “CoACS” insert— “RIF” means a Reserved Investor Fund (Contractual Scheme). . (5) In paragraph 21(5)(a) after “CoACS”, in both places it occurs, insert “or RIF”. (6) In paragraph 33(1)— (a) after paragraph (a) insert “, (aa) a RIF (within the meaning of paragraph 12) that meets the UK property rich condition in regulation 12 of the Co-ownership Contractual Schemes (Tax) Regulations 2025. , and (b) in the words after paragraph (d), after “transparent fund,” insert “the RIF,”.
53 Property rich collective investment vehicles
(1) Schedule 5AAA to TCGA 1992 is amended as follows. (2) In the italic heading before paragraph 5 for “a CoACS” substitute “certain co-ownership schemes”. (3) In paragraph 5(1) after “co-ownership scheme” insert “, or a Reserved Investor Fund (Contractual Scheme),”. (4) In paragraph 12— (a) in sub-paragraph (3)(a) after “CoACS” insert “or a RIF”, (b) in sub-paragraph (4)(b) after “CoACS”, in both places it occurs, insert “or RIF”, and (c) in sub-paragraph (8) after the definition of “CoACS” insert— “RIF” means a Reserved Investor Fund (Contractual Scheme). . (5) In paragraph 21(5)(a) after “CoACS”, in both places it occurs, insert “or RIF”. (6) In paragraph 33(1)— (a) after paragraph (a) insert “, (aa) a RIF (within the meaning of paragraph 12) that meets the UK property rich condition in regulation 12 of the Co-ownership Contractual Schemes (Tax) Regulations 2025. , and (b) in the words after paragraph (d), after “transparent fund,” insert “the RIF,”.
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