The Co-ownership Contractual Schemes (Tax) Regulations 2025
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Change 1
62 Amendment of The Co-ownership Authorised Contractual Schemes (Tax) Regulations 2017
The Co-ownership Authorised Contractual Schemes (Tax) Regulations 2017 are amended as follows— (a) in regulation 2 (interpretation), after the definition of “HMRC” insert— “Reserved Investor Fund (Contractual Scheme)” has the meaning given by section 20 of the Finance (No.2) Act 2024. ; (b) in regulation 3 (interpretation: Part 2)— (i) after “to a CoACS” insert “or a Reserved Investor Fund (Contractual Scheme)”; (ii) after “of the CoACS” insert “or the Reserved Investor Fund (Contractual Scheme)”; (c) in the heading to regulation 5, at the end insert “or Reserved Investor Fund (Contractual Scheme)”; (d) in regulation 5 (information to be provided to other CoACS), in paragraph (1), after “made for the purposes of a CoACS” insert “or Reserved Investor Fund (Contractual Scheme)”; (e) in regulation 8 (penalty for failing to provide information)— (i) in paragraph (1), for “£60 for each offence” substitute “£100 for each offence”; (ii) in paragraph (2), for “£600” substitute “£1000”.
62 Amendment of The Co-ownership Authorised Contractual Schemes (Tax) Regulations 2017
The Co-ownership Authorised Contractual Schemes (Tax) Regulations 2017 are amended as follows— (a) in regulation 2 (interpretation), after the definition of “HMRC” insert— “Reserved Investor Fund (Contractual Scheme)” has the meaning given by section 20 of the Finance (No.2) Act 2024. ; (b) in regulation 3 (interpretation: Part 2)— (i) after “to a CoACS” insert “or a Reserved Investor Fund (Contractual Scheme)”; (ii) after “of the CoACS” insert “or the Reserved Investor Fund (Contractual Scheme)”; (c) in the heading to regulation 5, at the end insert “or Reserved Investor Fund (Contractual Scheme)”; (d) in regulation 5 (information to be provided to other CoACS), in paragraph (1), after “made for the purposes of a CoACS” insert “or Reserved Investor Fund (Contractual Scheme)”; (e) in regulation 8 (penalty for failing to provide information)— (i) in paragraph (1), for “£60 for each offence” substitute “£100 for each offence”; (ii) in paragraph (2), for “£600” substitute “£1000”.
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