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
54 Exemptions for disposals by companies with substantial shareholding
(1) Schedule 7AC to TCGA 1992 is amended as follows. (2) In paragraph 3B (subsidiary exemption: qualifying institutional investors)— (a) in sub-paragraph (4)(b)— (i) the words from the first “as” to the end become sub-paragraph (i), and (ii) after that sub-paragraph insert— (ii) as including an exempt Reserved Investor Fund (Contractual Scheme) (and references to ordinary share capital, in the case of such a scheme, as references to units in the scheme). ; (b) after sub-paragraph (6) insert— (6A) Sub-paragraph (6) does not apply in relation to a co-ownership scheme which is treated as a partnership under section 103DC (co-ownership schemes which are to be treated as partnerships). ; (c) for sub-paragraph (7), substitute— (7) In this Schedule— “exempt Reserved Investor Fund (Contractual Scheme)” means a Reserved Investor Fund (Contractual Scheme) which meets the exempt investor condition in regulation 14 of the Co-ownership Contractual Schemes (Tax) Regulations 2025; “exempt unauthorised unit trust” has the same meaning as in regulation 3 of the Unauthorised Unit Trusts (Tax) Regulations 2013 . . (3) In paragraph 30A(1) (meaning of qualifying institutional investor), at the end insert— (H) Exempt Reserved Investor Fund (Contractual Scheme) Exempt Reserved Investor Fund (Contractual Scheme) (within the meaning given by paragraph 3B(7)). .
54 Exemptions for disposals by companies with substantial shareholding
(1) Schedule 7AC to TCGA 1992 is amended as follows. (2) In paragraph 3B (subsidiary exemption: qualifying institutional investors)— (a) in sub-paragraph (4)(b)— (i) the words from the first “as” to the end become sub-paragraph (i), and (ii) after that sub-paragraph insert— (ii) as including an exempt Reserved Investor Fund (Contractual Scheme) (and references to ordinary share capital, in the case of such a scheme, as references to units in the scheme). ; (b) after sub-paragraph (6) insert— (6A) Sub-paragraph (6) does not apply in relation to a co-ownership scheme which is treated as a partnership under section 103DC (co-ownership schemes which are to be treated as partnerships). ; (c) for sub-paragraph (7), substitute— (7) In this Schedule— “exempt Reserved Investor Fund (Contractual Scheme)” means a Reserved Investor Fund (Contractual Scheme) which meets the exempt investor condition in regulation 14 of the Co-ownership Contractual Schemes (Tax) Regulations 2025; “exempt unauthorised unit trust” has the same meaning as in regulation 3 of the Unauthorised Unit Trusts (Tax) Regulations 2013 . . (3) In paragraph 30A(1) (meaning of qualifying institutional investor), at the end insert— (H) Exempt Reserved Investor Fund (Contractual Scheme) Exempt Reserved Investor Fund (Contractual Scheme) (within the meaning given by paragraph 3B(7)). .
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.