The Capital Gains Tax (Pension Funds Pooling Schemes) Regulations 1996

• Citation: S.I. 1996/1583
• Sections: 3

Section 1

These Regulations may be cited as the Capital Gains Tax (Pension Funds Pooling Schemes) Regulations 1996 and shall come into force on 11th July 1996.

Section 2

In these Regulations—

“pension funds pooling scheme” means a unit trust scheme of the description specified in regulation 4 of the Income Tax (Pension Funds Pooling Schemes) Regulations 1996 ;

“unit trust scheme” has the meaning given by section 75(8) of the Financial Services Act 1986 .

Section 3

A unit trust scheme which is a pension funds pooling scheme shall be treated as not being a unit trust scheme for the purposes of the Taxation of Chargeable Gains Act 1992.