[99A [Treatment of umbrella schemes]]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[99A  [Treatment of umbrella schemes]]

[(1)     In this section an “umbrella scheme” means [a relevant collective investment scheme]—

(a)     which provides arrangements for separate pooling of the contributions of the participants and the profits or income out of which payments are to be made to them, and

(b)     under which the participants are entitled to exchange rights in one pool for rights in another,

and any reference to a part of an umbrella scheme is a reference to such

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