The Child Trust Funds, Registered Pension Schemes and Stamp Duty Reserve Tax (Consequential Amendments) Regulations 2012

• Citation: S.I. 2012/886
• Sections: 4

Section 1 Citation and commencement

These regulations may be cited as the Child Trust Funds, Registered Pension Schemes and Stamp Duty Reserve Tax (Consequential Amendments) Regulations 2012 and shall come into force on 6th April 2012.

Section 2 Amendment of the Child Trust Funds Regulations 2004

(1) The Child Trust Funds Regulations 2004 are amended as follows.

(2) Omit regulation 29(4) (assessments for withdrawing relief and recovering tax: modification of sections 72 and 73 of the Taxes Management Act 1970).

Section 3 Amendment of the Registered Pension Schemes (Discharge of Liabilities under Sections 267 and 268 of the Finance Act 2004) Regulations 2005

(1) The Registered Pension Schemes (Discharge of Liabilities under Sections 267 and 268 of the Finance Act 2004) Regulations 2005 are amended as follows.

(2) Omit regulation 4 (applications on behalf of persons who are incapacitated).

Section 4 Amendment of the Stamp Duty Reserve Tax Regulations 1986

(1) The Schedule to the Stamp Duty Reserve Tax Regulations 1986 is amended as follows.

(2) In the Table in Part 1 of the Schedule (which applies the provisions of the Taxes Management Act 1970 specified in the first column of that Table, subject to any modification specified in the second column of that Table), omit the entries in both columns for sections 72(1) to (3) and 73.

(3) In Part 2 of the Schedule (which restates and applies the provisions of the Taxes Management Act 1970 as modified), omit restated sections 72(1) to (3) (trustees, guardians, etc of incapacitated persons) and 73 (further provision as to infants).

(4) In restated section 118(1) (interpretation), omit the definition of “incapacitated person”.