The Stamp Duty and Stamp Duty Reserve Tax (Pension Funds Pooling Schemes) Regulations 1996

• Citation: S.I. 1996/1584
• Sections: 3

Section 1

These Regulations may be cited as the Stamp Duty and Stamp Duty Reserve 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 Part VII of the Finance Act 1946 or Part III of the Finance (No. 2) Act (Northern Ireland) 1946 as the case may be.