134 ATED: regulated home reversion plans
Finance Act 2016 (2016 c 24) | Legislation

Annual Tax on Enveloped Dwellings

134  ATED: regulated home reversion plans

(1)     Part 3 of FA 2013 (annual tax on enveloped dwellings) is amended as follows.

(2)     After section 144 insert—

“144A Regulated home reversion plans

(1)     A day in a chargeable period is relievable in relation to a single dwelling interest held by a person (“P”) who is an authorised plan provider if—

(a)     P has, as plan provider, entered into a regulated home reversion plan relating to the single dwelling interest, and

(b)     the occupation condition is met on that day.

(2)     If no qualifying termination event has occurred, the “occupation condition” is that a person who was originally entitled to occupy the dwelling (or any part of it) under the regulated home reversion plan is still entitled to do so.

(3)     If a qualifying termination event has occurred, the “occupation condition” is that—

(a)

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