Capital Gains Tax Act 1979 (repealed 6.3.1992)
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Change 1
92 Interpretation.
(1) Subject to subsection (2) below, in this Act— (a) “unit trust scheme” has the same meaning as in the Financial Services Act 1986, (b) “authorised unit trust” has the meaning given by section 468(6) of the Taxes Act 1988, (c) “investment trust” has the meaning given by section 842 of the Taxes Act 1988, (d) “court investment fund” means a common investment fund established under section 1 of the Administration of Justice Act 1965. (2) The Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this Act. (3) Regulations under this section— (a) may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient, and (b) shall be made by statutory instrument, which shall be subject to annulment in pursuance of a resolution of the House of Commons.
92 Interpretation.
(1) Subject to subsection (2) below, in this Act— (a) “unit trust scheme” has the same meaning as in the Financial Services Act 1986, (b) “authorised unit trust” has the meaning given by section 468(6) of the Taxes Act 1988, (c) “investment trust” has the meaning given by section 842 of the Taxes Act 1988, (d) “court investment fund” means a common investment fund established under section 1 of the Administration of Justice Act 1965. (2) The Treasury may by regulations provide that any scheme of a description specified in the regulations shall be treated as not being a unit trust scheme for the purposes of this Act. (3) Regulations under this section— (a) may contain such supplementary and transitional provisions as appear to the Treasury to be necessary or expedient, and (b) shall be made by statutory instrument, which shall be subject to annulment in pursuance of a resolution of the House of Commons.
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